eBook teaching Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 68 units @ $47 10 Sale 49 units 15 Purchase 35 units @ $49 20 Sale 24 units 24 Sale 22 units 30 Purchase 37 units @ $51 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 FIFO, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost colu Unit Cost column Perpetual Inventory Account First-in, First-out Method Portable Game Players Purchases Purchases Quantity Unit Total Purchased Cost Cost Quantity Cost or Merchandise Sold Cost of Cost of Merchandise Merchandise Sold Sold Inventory Unit Cost Total Cost Quantity Inventory Inventory Unit Total Cost Cost Date Apr.1 Apr. 10 eBook Show Me How a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form Ilustrated FIFO, If units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column Unit Cost column. Perpetual Inventory Account First-in, First-out Method Portable Game Players Quantity Cost of Merchandise Sold Purchases Purchases Unit Total Cost Cost Cost of Cost of Merchandise Merchandise Sold Sold Inventory Unit Cost Total Cost Quantity Quantity Purchased Inventory Inventory Unit Total Cost Date Coa Apr. 1 Apr. 10 I Apr. 15 0 Apr. 20 111 Apr. 24 Apr. 30 Apr. 30 Balances b. Based upon the preceding data, would you expect the ending Inventory to be higher or lower using the sout method