Beginning inventory, purchases, and sales data for DVD players are as follows: Inventory November 1 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 47 units at $70 39 units 28 units at $74 12 units 10 units 35 units at $78 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 FIFO, if units 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 Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method. DVD Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Total Cost Quantity Nov 1 Nov. 39 70 2,730 v 10 Nov. 28 1,072 15 NOV. 20 Nov 24 000 20 74 10 74 740 100000 0000 Inventory Unit Cost Inventory Total Cost 70 3,290 Book Show Me How 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 FIFO, if nits 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 Unit Cost olumn. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Inventory Unit Inventory Total Total Cost Quantity Nov. 1 Nov. 70 2,730 V 10 Nov. 28 74 V 2,072 V 15 Nov. 70 201 74 Nov. 74 740 24 Nov. 35 2,730 30 Nov. Balances 30 00000 000 0000 000 0000 0000 000 0