Beginning inventory, purchases, and sales data for portable game players are as follows:

Apr. 1		Inventory	58 units @ $41
10		Sale	39 units
15		Purchase	72 units @ $43
20		Sale	40 units
24		Sale	12 units
30		Purchase	39 units @ $46

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 balance 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 HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

Perpetual Inventory Account LIFO Method Portable Game Players

Date	Quantity Purchased	Purchases Unit Cost	Purchases Total Cost	Quantity 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 1	$fill in the blank 2	$fill in the blank 3
Apr. 10				fill in the blank 4	$fill in the blank 5	$fill in the blank 6	fill in the blank 7	fill in the blank 8	fill in the blank 9
Apr. 15	fill in the blank 10	$fill in the blank 11	$fill in the blank 12				fill in the blank 13	fill in the blank 14	fill in the blank 15
							fill in the blank 16	fill in the blank 17	fill in the blank 18
Apr. 20				fill in the blank 19	fill in the blank 20	fill in the blank 21	fill in the blank 22	fill in the blank 23	fill in the blank 24
							fill in the blank 25	fill in the blank 26	fill in the blank 27
Apr. 24				fill in the blank 28	fill in the blank 29	fill in the blank 30	fill in the blank 31	fill in the blank 32	fill in the blank 33
							fill in the blank 34	fill in the blank 35	fill in the blank 36
Apr. 30	fill in the blank 37	fill in the blank 38	fill in the blank 39				fill in the blank 40	fill in the blank 41	fill in the blank 42
							fill in the blank 43	fill in the blank 44	fill in the blank 45
							fill in the blank 46	fill in the blank 47	fill in the blank 48
Apr. 30	Balance					$fill in the blank 49			$fill in the blank 50