Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory...
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Accounting
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units $12 11 Purchase 14 units $16 14 Sale 24 units 21 Purchase 11 units @ $19 25 Sale 15 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 FIFO Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. April 3 11 14 21 dll 25 Il Total Cost of goods sold Ending Inventory value
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