Beginning inventory, purchases, and sales data for tennis rackets are as follows:? $$\begin{array} { | r | r | l | r | r | r | r | }
\hline & \text { Apr. } 3 & \text { Inventory } & & 12 \text { units } & @ & \$ 45 \
\hline & 11 & \text { Purchase } & & 13 \text { units } & @ & \$ 47 \
\hline &14 & \text { Sale } & & 18 \text { units } & & \
\hline& 21 & \text { Purchase } & & 9 \text { units } & @ & \$ 60 \
\hline &25 & \text { Sale } & & 10 \text { units } & & \
\hline
\end{array}$$ 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.?

Question

Beginning inventory, purchases, and sales data for tennis rackets are as follows:? $$\begin{array} { | r | r | l | r | r | r | r | } 
\hline & \text { Apr. } 3 & \text { Inventory } & & 12 \text { units } & @ & \$ 45 \
\hline & 11 & \text { Purchase } & & 13 \text { units } & @ & \$ 47 \
\hline &14 & \text { Sale } & & 18 \text { units } & & \
\hline& 21 & \text { Purchase } & & 9 \text { units } & @ & \$ 60 \
\hline &25 & \text { Sale } & & 10 \text { units } & & \
\hline
\end{array}$$ 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.?

Quizplus · Accepted Answer

The Answer of Beginning inventory, purchases, and sales data for tennis rackets are as follows:? $$\begin{array} { | r | r | l | r | r | r | r | } 
\hline & \text { Apr. } 3 & \text { Inventory } & & 12 \text { units } & @ & \$ 45 \
\hline & 11 & \text { Purchase } & & 13 \text { units } & @ & \$ 47 \
\hline &14 & \text { Sale } & & 18 \text { units } & & \
\hline& 21 & \text { Purchase } & & 9 \text { units } & @ & \$ 60 \
\hline &25 & \text { Sale } & & 10 \text { units } & & \
\hline
\end{array}$$ 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.?

Beginning Inventory, Purchases, and Sales Data for Tennis Rackets Are