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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 22 units $15 11 Purchase 17 units $19 14 Sale 28 units 21 Purchase 14 units $18 25 Sale 16 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 FIFO. Cost of Merchandise Sold Purchases Qty. Unit Cost Total Cost Total Cost Qty. Qty. Unit Cost Data April 22 22 11 17 19 323 17 21 14 18 252 ll 25 Previous Next >

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