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April 3 Inventory 20 units @ $15 11 Purchase 13 units @ $15 14 Sale...

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Accounting

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April 3 Inventory 20 units @ $15 11 Purchase 13 units @ $15 14 Sale 24 units 21 Purchase 10 units @ $20 25 Sale 14 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 O $ 14 $ 21 O III 25 Total Cost of goods sold Ending inventory value

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