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  3. beginning inventory, purchases, and sales data for

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 19 units @ $15 11 Purchase 17 units @ $15 14 Sale 24 units 21 Purchase 11 units @ $16 25 Sale 17 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 Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 $ 11 $ $ $ 14 21 $ $ 25 $ $ $ Total Cost of goods sold Ending inventory value $

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