Beginning invenkory, purchaces, and sales data for portable game players are as follows: The business maintains a perpetual inventory system, costing by the first-io, first-out methicd. a. Detemine the cost or the merchanche sold for each sale and the inventory balance anter each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if ur are in inventory ot two different costs, enter the unis with the LowER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Perpetual Inventory Account First-in, First-out Method Portable Game Players First-in, First-out Method Portable Game Players b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method