Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3...
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Accounting
Beginning inventory, purchases, and sales data for tennis rackets are as follows:
April 3 Inventory 20 units @ $13
11 Purchase 17 units @ $15
14 Sale 24 units
21 Purchase 9 units @ $20
25 Sale 11 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.
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