Calculator Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 14 21 25 Inventory Purchase Sale Purchase Sale 11 units $15.00 7 units $%19.00 11 units 17 units $22.00 14 units Assuming the business maintains a perpetual inventory system and calculates the cost of goods sold and ending inventory using LIFO. Select the correct answer cost of goods sold $501.00 ending inventory $550.00 Ocost of goods sold $501.00 ending inventory $171.00 cost of goods sold $375.00 ending inventory $297.00 cost of goods sold $501.00 ending inventory $297.00