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C Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units $18 11 Purchase 15 units $16 14
C Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units $18 11 Purchase 15 units $16 14 Sale 22 units 21 Purchase 9 units $15 25 Sale 15 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using LIFO. Purchases Cost of Merchandise Sold Unit Cost Date Qty. Unit Cost Total Cost Qty. Total Cost April 3 11 14 21 I DU I 25 E Total cost of merchandise sold Cost of Merchandise Sold Unit Cost Inventory Total Cost Qty. Total Cost Qty. Unit Cost Total Cost III III all III 111 il Total cost of merchandise sold Ending inventory value
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