erpetual inventory Using fiFo Begining inventory, purchases, and sales dato for portable game players are as follows: 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 in Exhioit 3. Under HFO, if units are in inventory at two difterent costs, enter the units with the LowER unit cost first in the Cost of Merchandise Sold Uniz Cost column and in the taventory Unit Cost column. Determine the cost of the merchandise sold for each sale and the inventory baiance after each sale, presenting the data in the form illustroted in Exhibit 3. W ce in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventary Unit. b. Based upen the preceding dats, would you expect the ending inventory to be higher or lower using the last-in, first-out method