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

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Accounting

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Beginning inventory, purchases, and sales data for tennis rackets are as follows: Apr. 3 Inventory 22 units @ $18.00 11 Purchase 14 units @ $15.00 14 Sale 13 units 21 Purchase 8 units @ $18.00 25 Sale 12 units Assuming the business maintains a perpetual inventory system, calculate the cost of merchandise sold and ending inventory using FIFO. Select the correct answer. O cost of merchandise sold 5441.00 and ending inventory $750,00 O cost of merchandise sold $309.00 and ending inventory 5441.00 cost of merchandise sold 5750.00 and ending Inventory $309.00 cost of merchandise sold 5441.00 and ending inventory $309.00

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