Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 69 units $47 10 Sale 52 units 15 Purchase 33 units @ $50 20 Sale 24 units 24 18 units 30 Purchase 35 units $52 Sale The business maintains a perpetual Inventory system, costing by the first-in, first-out method. a. 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 Exhi 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 Unit Cost column. Perpetual Inventory Account First-in, First-out Method Portable Game Players Purchases Purchases Quantity Unit Total Purchased Cost Cost Quantity Cost of Cost of Cost of Merchandise Merchandise Merchandise Sold Sold Sold Unit Cost Total Cor Date Inventory Inventory Inventory Unit Purchases Purchases Quantity Unit Total Purchased Cost Cost Quantity Cost of Merchandise Sold Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Inventory Quantity Inventory Inventory Unit Total Cost Cost Date Apr. 1 Apr. 10 Apr. 15 O Apr. 20 Q 1 0 m1 ml W mi Apr. 24 Apr. 30 o Apr. 30 Balances b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the tail outrehod