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Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $15 11 Purchase 12

Question Content Area

Beginning inventory, purchases, and sales data for tennis rackets are as follows:

April 3 Inventory 19 units @ $15
11 Purchase 12 units @ $19
14 Sale 26 units
21 Purchase 12 units @ $15
25 Sale 10 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.

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Beginning inventory, purchases, and sales data for tennis rackets are as follows

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