eBook Show Me How Print Item Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 59 units $92 10 Sale 40 units 15 Purchase 76 units $98 20 Sale 44 units I 24 Sale 12 units 30 Purchase 37 units $102 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Date Quantity Purchased Purchases Unit Cost Purchases Quantity Total Cost Sold Merchandise Sold Unit Cost Merchandise. Sold Total Cost Inventory Quantity Inventory Inventory Unit Cost Total Cost Apr. 1 Apr 00 00 Check My Work eBook Show Me How xinprogress false B T LIFO Method PrintItem Portable Game Players Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Inventory Quantity Inventory Total Cost Date Quantity Purchased Purchases Purchases Quantity Unit Cost Total Cost Sold Apr 1 Apr. 10 Apr. 15 Apr. 20 Apr 24 Apr 30 Apr 30 Balance Check My Work 0 0 0 0. 000000000*0 00000000000 0 0