Beginning Inventory, purchases, and sales data for portable DVD players are as follows:

November 1	Inventory	80 Units	at $95
November 10	Sale	58 Units
November 15	Purchase	35 Units	at $100
November 20	Sale	30 Units
November 24	Sale	11 Units
November 30	Purchase	32 Units	at $105

The business maintains a perpetual inventory system, costing by the FIFO method. Determine the cost of goods sold for each sale and the inventory balance after each sale presenting the data in the form illustrated below. 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.

A. 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							$	$	$
Nov. 10				$	$	$	$	$	$
Nov. 15	$	$	$				$	$	$
							$	$	$
Nov. 20				$	$	$	$	$	$
				$	$	$
Nov. 24				$	$	$	$	$	$
Nov. 30	$	$	$				$	$	$
							$	$	$
Nov. 30	Balances					$			$

B. Based Upon the preceding data, would you expect the inventory to be higher or lower using the Last-in, First-out (LIFO) method?