Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 66 units $64 10 Sale 47 units 36 units $67 Purchase 15 20 Sale 26 units Sale 14 units 24 Purchase 21 units $71 30 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost f the merchandise sold r each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. the Inventory Unit Cost column. a. Under FIFO, units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Inventory Unit Cost Purchases Unit Cost Inventory Quantity Purchases Total Cost Inventory Total Cos Quantity Purchased Quantity Cost of Merchandise Sold Cost of Merchandise Sold Unit Cost of Merchandise Sold Total Date Cost Cost 66V 64 4,224 Apr. Apr 64 V V 47 3,008 19 64 1.216 $2412V 85 X 36 67 Apr 20 Apr. 14V 24 71V Apr 21 1,491 Apl Balances