10:16 AM Thu Apr 11 Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows Apr Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 77 units $54 55 units 102 units $56 58 units 14 units 25 units $59 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Quantity Purchased Purchases Purchases Quantity Cost of Merchandise Cost of Merchandise Inventory Inventory Unit Cost Inventory Unit CostTotal Cost Date Apr Apr Total Cost Sold Sold Unit Cost Sold Total Cost Quantity 54 4.158 77 X 10 Check My Work Previous Next Assignment Score: 81.99% All work saved. Email Instructor Save and ExitSubmit t for Grading 10:17 AM Thu Apr 11 " Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Date uantityP Purchased Purchases PchasesQuantity Cost of Merchandise Cost of Merchandise Inventory Inventory Unit Cost Total Cost Sold Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost 4.158 2,970 77 X 10 Apr. 102 15 5,712 Apr 20 Apr 24 1,475 30 Apr 30 Balance Check My Work Check My Work Previous Next Assignment Score: 81.99% All work saved. Email Instructor Save and ExitSubmit t for Grading