Question: 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
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 18 units @ $15 11 Purchase 17 units @ $18 14 Sale 24 units 21 Purchase 14 units @ $15 25 Sale 19 units Complete the inventory record assuming the business maintains a perpetual inventory system, and determine the cost of goods sold and ending inventory using LIFO. Use an inventory record please
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