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Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 20 units @ $18 11 Purchase 13
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Beginning inventory, purchases, and sales data for tennis rackets are as follows:
| April | 3 | Inventory | 20 units | @ | $18 | |
| 11 | Purchase | 13 units | @ | $19 | ||
| 14 | Sale | 24 units | ||||
| 21 | Purchase | 10 units | @ | $20 | ||
| 25 | Sale | 13 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 FIFO.
| Purchases | Cost of Merchandise Sold | Inventory | |||||||||
| Date | Qty. | Unit Cost | Total Cost | Qty. | Unit Cost | Total Cost | Qty. | Unit Cost | Total Cost | ||
| April 3 | fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | ||||||||
| 11 | fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | fill in the blank 7 | $fill in the blank 8 | $fill in the blank 9 | |||||
| fill in the blank 10 | $fill in the blank 11 | fill in the blank 12 | |||||||||
| 14 | fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 | fill in the blank 16 | $fill in the blank 17 | $fill in the blank 18 | |||||
| fill in the blank 19 | $fill in the blank 20 | fill in the blank 21 | |||||||||
| 21 | fill in the blank 22 | $fill in the blank 23 | $fill in the blank 24 | fill in the blank 25 | $fill in the blank 26 | $fill in the blank 27 | |||||
| fill in the blank 28 | $fill in the blank 29 | fill in the blank 30 | |||||||||
| 25 | fill in the blank 31 | $fill in the blank 32 | $fill in the blank 33 | fill in the blank 34 | $fill in the blank 35 | $fill in the blank 36 | |||||
| fill in the blank 37 | $fill in the blank 38 | fill in the blank 39 | |||||||||
| Total cost of merchandise sold | $fill in the blank 40 | Ending inventory value | $fill in the blank 41 | ||||||||
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