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

question 105

Essay

Beginning inventory, purchases, and sales data for tennis rackets are as follows:  April 3  Inventory 12 units @$4511 Purchase 13 units @$4714 Sale 18 units 21 Purchase 9 units @$6025 Sale 10 units \begin{array} { | l | l | l | l | l | l | l | } \hline & \text { April 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 as follows:  \begin{array} { | l | l | l | l | l | l | l | }  \hline & \text { April 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.


Definitions:

Calories

A measure of energy from food. It's essential for human health as it powers every action, from thinking to moving.

Trans Fats

A type of unsaturated fat associated with a variety of health risks, commonly found in processed foods.

French Fries

A popular fast food dish made by cutting potatoes into strips and deep-frying them until crispy, often served salted or with various condiments.

Doughnuts

A type of fried dough confectionery or dessert food, typically circular with a hole in the center.

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