Beginning inventory, purchases, and sales data fr tennis rackets are as follows: April 3 Inventory 21 units @ $13.00 11 Purchase 20 units @ $14.00 14 Sale 11 units 21 Purchase 9 units @ $17.00 25 Sale 13 units Assuming the business maintains a perpetual inventory system, calculate the cost of goods sold and ending inventory using FIFO. Select the correct answer. cost of goods sold $315.00 ending inventory $391.00 cost of goods sold $391.00 ending inventory $315.00 cost of goods sold $315.00 ending inventory $706.00 cost of goods sold $706.00 ending inventory $391.00

14 Sale Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units @ $13.00 11 Purchase 20 units $14.00 Sale 11 units 21 Purchase 9 units $17.00 25 13 units Assuming the business maintains a perpetual Inventory system, calculate the cost of goods sold and ending inventory using FIFO. Select the correct answer cost of goods sold 5315.00 ending inventory 5391.00 cost of goods sold 599.00 ending inventory $315.00 cost of goods sold S315.00 ending inventory 5706.00 X cost of goods sold 5706.00 ending inventory 5391.00