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teginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 11 Purchase 16 units 516 14
teginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $13 11 Purchase 16 units 516 14 Sale 21 units 21 Purchase 9 units $21 25 Sale 14 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 LIFO Cost of Goods Sold Inventory Date Qty Unit Cost Total Cost Qty. Unit Cost Total Cost Qty Total Cost Purchases Unit Cost April 15 14 21 Il llll Il III 25 Total Cost of goods sold Ending inventory value
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