Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 60 units at $86 10 Sale 47 units 15 Purchase 33 units at $91 20 Sale 19 units 24 Sale 18 units 30 Purchase 22 units at $96 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Question Content Area 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 Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 fill in the blank 4663caf68025fb8_1 fill in the blank 4663caf68025fb8_2 fill in the blank 4663caf68025fb8_3 Nov. 10 fill in the blank 4663caf68025fb8_4 fill in the blank 4663caf68025fb8_5 fill in the blank 4663caf68025fb8_6 fill in the blank 4663caf68025fb8_7 fill in the blank 4663caf68025fb8_8 fill in the blank 4663caf68025fb8_9 Nov. 15 fill in the blank 4663caf68025fb8_10 fill in the blank 4663caf68025fb8_11 fill in the blank 4663caf68025fb8_12 fill in the blank 4663caf68025fb8_13 fill in the blank 4663caf68025fb8_14 fill in the blank 4663caf68025fb8_15 fill in the blank 4663caf68025fb8_16 fill in the blank 4663caf68025fb8_17 fill in the blank 4663caf68025fb8_18 Nov. 20 fill in the blank 4663caf68025fb8_19 fill in the blank 4663caf68025fb8_20 fill in the blank 4663caf68025fb8_21 fill in the blank 4663caf68025fb8_22 fill in the blank 4663caf68025fb8_23 fill in the blank 4663caf68025fb8_24 fill in the blank 4663caf68025fb8_25 fill in the blank 4663caf68025fb8_26 fill in the blank 4663caf68025fb8_27 Nov. 24 fill in the blank 4663caf68025fb8_28 fill in the blank 4663caf68025fb8_29 fill in the blank 4663caf68025fb8_30 fill in the blank 4663caf68025fb8_31 fill in the blank 4663caf68025fb8_32 fill in the blank 4663caf68025fb8_33 Nov. 30 fill in the blank 4663caf68025fb8_34 fill in the blank 4663caf68025fb8_35 fill in the blank 4663caf68025fb8_36 fill in the blank 4663caf68025fb8_37 fill in the blank 4663caf68025fb8_38 fill in the blank 4663caf68025fb8_39 fill in the blank 4663caf68025fb8_40 fill in the blank 4663caf68025fb8_41 fill in the blank 4663caf68025fb8_42 Nov. 30 Balances fill in the blank 4663caf68025fb8_43 fill in the blank 4663caf68025fb8_44 Question Content Area b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? Check My Work5 more Check My Work uses remaining.