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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $14 11 Purchase 13 units @ $17 14

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 21 units $14 11 Purchase 13 units @ $17 14 Sale 27 units 21 Purchase 8 units @ $21 25 Sale 11 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending Inventory using Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 21 14 11 13 17 221 14 21 21 168 11 25 Total Cost of goods sold Ending Inventory value Previous Next

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