Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 20 units $12.00 11 Purchase 534.00 Sale 12 units 21 Purchase $18.00 13 units Assuming the business maintains a perpetual inventory system, cakulate the cost of merchandise sold and ending inventory using FIFO Select the correct answer O cost of merchandise sold $310.00 and ending inventory 5444.00 cort of merchandise sold $310.00 and ending inventory 5754.00 cort of merchandise od 5444.00 and ending inventory $310.00 O cost of merchandise sold 5754.00 and ending inventory 5444.00