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

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