Beginning inventory, purchases, and sales data for portable game players are as follows: The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory batance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LifO, if units are in inventory at two different costs, enter the units with the HICHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost firs the Inventory Unit Cost column. Determine the cost of merchandise sold for each sale and the inventory balance after each saie, presenting the data in the form illustrated in Exhit 4, Under Lifo, if units are in inventory at two different costs, enter the units with the HIGHER unt cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory unit cost column