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Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as...

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Accounting

Question Content Area

Beginning inventory, purchases, and sales data for tennis rackets are as follows:

Date Line Item Description Units and Cost
April 3 Inventory 22 units @ $14
11 Purchase 13 units @ $15
14 Sale 20 units
21 Purchase 11 units @ $22
25 Sale 14 units

Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO.

Date Purchases Qty Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Qty Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Qty Inventory Unit Cost Inventory Total Cost
Apr. 3 fill in the blank 1 $fill in the blank 2 $fill in the blank 3
11 fill in the blank 4 $fill in the blank 5 $fill in the blank 6 fill in the blank 7 $fill in the blank 8 $fill in the blank 9
11 fill in the blank 10 $fill in the blank 11 $fill in the blank 12
14 fill in the blank 13 $fill in the blank 14 $fill in the blank 15 fill in the blank 16 $fill in the blank 17 $fill in the blank 18
14 fill in the blank 19 $fill in the blank 20 $fill in the blank 21
21 fill in the blank 22 $fill in the blank 23 $fill in the blank 24 fill in the blank 25 $fill in the blank 26 $fill in the blank 27
21 fill in the blank 28 $fill in the blank 29 $fill in the blank 30
25 fill in the blank 31 $fill in the blank 32 $fill in the blank 33 fill in the blank 34 $fill in the blank 35 $fill in the blank 36
25 fill in the blank 37 $fill in the blank 38 $fill in the blank 39
Balances $fill in the blank 40 $fill in the blank 41
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