Question: Question Content Area Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units @ $12 11 Purchase 14

Question Content Area

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

April 3 Inventory 19 units @ $12
11 Purchase 14 units @ $14
14 Sale 25 units
21 Purchase 10 units @ $15
25 Sale 13 units

Complete the subsidiary inventory ledger assuming the business maintains a perpetual inventory system and computes the cost of merchandise sold and ending inventory using FIFO.

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