Beginning inventory, purchases, and sales data for DVD players are as follows: Date Line Item Description Units and Cost Nov. 1 Inventory 54 units at $86 10 Sale 45 units 15 Purchase 30 units at $89 20 Sale 16 units 24 Sale 11 units 30 Purchase 24 units at $93 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Question Content Area a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illus