apter 7 Homework Perpetual Inventory Using LIFO eBook Show Me How Beginning inventory, purchases, and sales data for portable game players are as follows: 36 units $93 30 units Apr. 1 Inventory 10 Sale 15 Purchase 47 units $97 20 Sale 27 units 24 Sale 7 units 30 Purchase 33 units $103 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. Perpetual Inventory Account LIFO Method Portable Game Players Cost of Cost of Merchandise Merchandise Date Purchased Apr. 1 Apr. 10 Check My Work Purchases Purchases Quantity Unit Cost Total Cost Quantity Sold Sold Unit Cost Sold Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost 30 99 1,790 00 Next