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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 20 units $17 11 Purchase 17 units $15 14 Sale 24 units 21 Purchase 14 units $17 25 Sale 17 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 Unit Cost Date Oly Unit Cast Total Cost Qty. Unit Cost Total Cost Oly. Total Cost April 3 11 II 10 21 C u Account 25 Total cost of merchandise sold Ending inventory value

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