Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory...
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Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 15 units @ $17.00 11 Purchase 10 units @ $17.00 14 Sale 14 units 21 Purchase 22 units @ $22.00 25 Sale 11 units Assuming the business maintains a perpetual inventory system and calculates the cost of goods sold and ending inventory using LIFO. Select the correct answer. cost of goods sold $480.00 ending inventory $484.00 cost of goods sold $480.00 ending inventory $550.00 cost of goods sold $480.00 ending inventory $429.00 O cost of goods sold $425.00 ending inventory $484.00
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