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 $22$ units @ $$12$

$11$ Purchase $16$ units @ $$16$

$14$ Sale $29$ units

$21$ Purchase $13$ units @ $$17$

$25$ Sale $13$ 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.

Date Purchases

$Qty$ Purchases

Unit Cost Purchases

Total Cost Cost $of$

Goods Sold

$Qty$ Cost $of$

Goods Sold

Unit Cost Cost $of$

Goods Sold

Total Cost Inventory

$Qty$ Inventory

Unit Cost Inventory

Total Cost

April $3$ fill $in$ the blank $1$

$fill $in$ the blank $2$

$fill $in$ the blank $3$

$11$ fill $in$ the blank $4$

$fill $in$ the blank $5$

$fill $in$ the blank $6$

fill $in$ the blank $7$

$fill $in$ the blank $8$

$fill $in$ the blank $9$

$11$ fill $in$ the blank $10$

$fill $in$ the blank $11$

$fill $in$ the blank $12$

$14$ fill $in$ the blank $13$

$fill $in$ the blank $14$

$fill $in$ the blank $15$

fill $in$ the blank $16$

$fill $in$ the blank $17$

$fill $in$ the blank $18$

$14$ fill $in$ the blank $19$

$fill $in$ the blank $20$

$fill $in$ the blank $21$

$21$ fill $in$ the blank $22$

$fill $in$ the blank $23$

$fill $in$ the blank $24$

fill $in$ the blank $25$

$fill $in$ the blank $26$

$fill $in$ the blank $27$

$21$ fill $in$ the blank $28$

$fill $in$ the blank $29$

$fill $in$ the blank $30$

$25$ fill $in$ the blank $31$

$fill $in$ the blank $32$

$fill $in$ the blank $33$

fill $in$ the blank $34$

$fill $in$ the blank $35$

$fill $in$ the blank $36$

$25$ fill $in$ the blank $37$

$fill $in$ the blank $38$

$fill $in$ the blank $39$

Balances $fill $in$ the blank $40$