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 Purchase Sale 19 units $18 13 units $17 11 14 19 units 21 Purchase 8 units @ $21 25 Sale 11 units Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using LIFO. Cost of Merchandise Sold Purchases Inventory Date Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost April 3 11 14 I I I ] till III 1.00, om 21 25 $ Total cost of merchandise sold $ Ending Inventory value $
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