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Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 79 units at $75 10 Sale 65 units 15 Purchase

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Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 79 units at $75 10 Sale 65 units 15 Purchase 95 units at $79 20 Sale 54 units 24 Sale 16 units 30 Purchase 38 units at $84 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold 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 co first in the Inventory Unit Cost column Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Purchased renases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold U nit Cost Total Cost Quantity Unit Cost Total Cost Nov. 1 Nov. 10 Nov. 15 O O TAMIL 11 01111 Nov. 20 Check My Work Previous Next All work suved. All work saved. Save and Submit Assignment for Grading

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