Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 64 units @ $50 10 Sale 49 units 15 Purchase 32 units @ $53 20 Sale 24 units 24 Sale 12 units 30 Purchase 27 units @ $56 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Question Content Area 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 Exhibit 3. 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. Perpetual Inventory Account First-in, First-out Method Portable Game Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Cost of Merchandise Sold Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 1 fill in the blank 2e9ef6fc4072f8d_1 $fill in the blank 2e9ef6fc4072f8d_2 $fill in the blank 2e9ef6fc4072f8d_3 Apr. 10 fill in the blank 2e9ef6fc4072f8d_4 $fill in the blank 2e9ef6fc4072f8d_5 $fill in the blank 2e9ef6fc4072f8d_6 fill in the blank 2e9ef6fc4072f8d_7 fill in the blank 2e9ef6fc4072f8d_8 fill in the blank 2e9ef6fc4072f8d_9 Apr. 15 fill in the blank 2e9ef6fc4072f8d_10 $fill in the blank 2e9ef6fc4072f8d_11 $fill in the blank 2e9ef6fc4072f8d_12 fill in the blank 2e9ef6fc4072f8d_13 fill in the blank 2e9ef6fc4072f8d_14 fill in the blank 2e9ef6fc4072f8d_15 fill in the blank 2e9ef6fc4072f8d_16 fill in the blank 2e9ef6fc4072f8d_17 fill in the blank 2e9ef6fc4072f8d_18 Apr. 20 fill in the blank 2e9ef6fc4072f8d_19 fill in the blank 2e9ef6fc4072f8d_20 fill in the blank 2e9ef6fc4072f8d_21 fill in the blank 2e9ef6fc4072f8d_22 fill in the blank 2e9ef6fc4072f8d_23 fill in the blank 2e9ef6fc4072f8d_24 fill in the blank 2e9ef6fc4072f8d_25 fill in the blank 2e9ef6fc4072f8d_26 fill in the blank 2e9ef6fc4072f8d_27 Apr. 24 fill in the blank 2e9ef6fc4072f8d_28 fill in the blank 2e9ef6fc4072f8d_29 fill in the blank 2e9ef6fc4072f8d_30 fill in the blank 2e9ef6fc4072f8d_31 fill in the blank 2e9ef6fc4072f8d_32 fill in the blank 2e9ef6fc4072f8d_33 Apr. 30 fill in the blank 2e9ef6fc4072f8d_34 fill in the blank 2e9ef6fc4072f8d_35 fill in the blank 2e9ef6fc4072f8d_36 fill in the blank 2e9ef6fc4072f8d_37 fill in the blank 2e9ef6fc4072f8d_38 fill in the blank 2e9ef6fc4072f8d_39 fill in the blank 2e9ef6fc4072f8d_40 fill in the blank 2e9ef6fc4072f8d_41 fill in the blank 2e9ef6fc4072f8d_42 Apr. 30 Balances $fill in the blank 2e9ef6fc4072f8d_43 $fill in the blank 2e9ef6fc4072f8d_44 Question Content Area b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method?