3A Show Me How Calculator Perpetual Inventory Using FIFO Beginning Inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 43 units at $78 29 units 25 units at $81 21 units 13 units 31 units at $84 The business maintains a perpetual inventory system, costing by the first-in, first-out method a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory FIFO, if units Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Date Purchased Purchases Unit Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory nventory Unit inventory Total Purchases Total Cost Total Cost ?Pr Next