Beginning inventory, purchases and sales data for tennis rackets are as follows:

Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO.

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Apr 3 11 Inventory Purchase 14 Sale 21 Purchase 25 Sale 12 units@ $45 13 units@ $47 18 units 9 units @ $60 10 units Apr 3 11 Inventory Purchase 14 Sale 21 Purchase 25 Sale 12 units@ $45 13 units@ $47 18 units 9 units @ $60 10 units