Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Q1 Perpetual Inventory Using FIFO Beginning inventory, purchase and sales data for portable DVD player April 1 Inventory 75 units @$99 Sale 58 units 43 units @ $103 Purchase 26 units Sale 14 units Sale 25 units @ $ 109 Purchase Based upon the preceding data, would you expect the inventory to be higher or lower using the LIFO method