Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as follows:...
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Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as follows: Date Line Item Description Units and Cost April 3 Inventory 21 units @ $12 11 Purchase 17 units @ $16 14 Sale 26 units 21 Purchase 11 units @ $18 25 Sale 17 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using FIFO. Use an inventory record table please.
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