Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 47 units at $98 10 Sale 36 units 15 Purchase 63 units at $102 20 Sale 37 units 24 Sale 9 units 30 Purchase 37 units at $107 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 Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Cost of Goods Sold Cost of Goods Sold Sold Unit Cost Total Cost Quantity Purchased Purchases Unit Cost Date Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost NOV. 1 Nov. 10 Previous Next > Check My Work a to RP a * 4/22 Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Cost of Goods Sold Cost of Goods Sold Sold Unit Cost Total Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 00000DIDO 00000000000 HOJO Nov. 24 Nov. 30 Nov. Balances 30