Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 45 units $84 10 Sale 15 Purchase 20 Sale 24 30 Sale Purchase 33 units 25 units $89 19 units 8 units 23 units $93 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 Exhibit 3. Under FIFO, if units ar 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 Quantity Cost of Cost of Quantity Purchases Unit Purchases Total Date Purchased i Cost of Merchandise Sold Cost Merchandise Merchandise Sold Sold Unit Cost Total Cost Cost Apr. 1 Apr. 10 33 Apr. 15 25 v 89 2.225 Apt. 20 Apr. 241 Apr. 30 23 V 93 2339 Apr. 30 Balances Check My Work 19 04 09 Inventory Inventory Inventory Quantity Unit Total Cost Cost 45 84 V 3.780 2.772 12 V 84 12 04 V 25 V 12 X 09 24 X 0 000 09