Beginning inventory, purchases, and sales data for tennis rackets are as follows: ...
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Accounting
Beginning inventory, purchases, and sales data for tennis rackets are as follows:
April
3
Inventory
22 units
@
$17
11
Purchase
12 units
@
$19
14
Sale
19 units
21
Purchase
10 units
@
$18
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 LIFO.
Purchases
Cost of Goods Sold
Inventory
Date
Qty.
Unit Cost
Total Cost
Qty.
Unit Cost
Total Cost
Qty.
Unit Cost
Total Cost
April 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
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
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
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
fill in the blank 37
$fill in the blank 38
fill in the blank 39
Total Cost of goods sold
$fill in the blank 40
Ending inventory value
$fill in the blank 41
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