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NEED HELP ASAP Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $16 11 Purchase 15 units
NEED HELP ASAP
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $16 11 Purchase 15 units $14 14 Sale 19 units 21 Purchase 8 units $17 25 Sale 13 units Complete the inventory cost card assurning the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using LIFO. Cost of Purchases Goods Sold Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cast April 12 21 II] 25 Total Cost of goods sold Ending Inventory value Step by Step Solution
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