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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory...

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Accounting

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units @ $12 11 Purchase 16 units @ $15 14 Sale 21 units 21 Purchase 9 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 LIFO, Cost of Purchases Goods Sold Inventory Qty. Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 Date Unit Cost 11 14 I ] 21 l o 25 Total Cost of goods sold Ending Inventory value

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