Beginning inventory, purchases, and sales data for portable DVD players are as follows: 37 units @ $78 Apr. 1 Inventory 30 units 10 Sale 16 units@ $83 15 Purchase 20 Sale 13 units Sale 24 7 units 30 Purchase 39 units @ $88 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3 a. Under FIFO, if 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 in the Inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases Quantity Cost of Merchandise Sold Quantity Purchased Purchases Total Cost Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Date Unit Cost Apr. 1 p. 10 Apr. 15 Ap. 20 p. 24 Ap. 30 Apr 30 Balances