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Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using
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. Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units 11 Purchase $12 12 units $18 000 000 0000 000 Purchases Cost of Merchandise Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost April 3 11 14 Sale 19 units 21 Purchase 25 Sale 12 units $21 17 units 14 21 15 25 0 00 00.0 0
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