Beginning inventory, purchases, and sales data for tennis rackets are as follows: 19 units e Apr. 3 Inventory $12.00 17 units @ 11 Purchase $19.00 Sale 13 units 14 9 units Purchase 21 $22.00 25 Sale 13 units Assuming the business maintains a perpetual inventory system, calculate the cost of merchandise sold and ending inventory using FIFO. Select the correct answer. cost of merchandise sold $749.00 and ending inventory $388.00 cost of merchandise sold $361.00 and ending inventory $388.00 Ocost of merchandise sold $388.00 and ending inventory $361.00 cost of merchandise sold $361.00 and ending inventory $749.00