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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 42 units at $85 Inventory Sale 10 29 units 15 Purchase 54 units at $89 20 Sale 31 units 24 Sale 9 units 30 Purchase 31 units at $94 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 illu Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Solo cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Goods Sold Unit Cost of Goods Sold Total Quantity Sold Cost Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity 42 Inventory Unit Cost Inventory Total Cost Nov. 1 85 3.570 29 $ 85 2,465 85 1.105 Nov. 10 Nov. 15 89 4.806 54 X 89 X 4.806 X 13 X 85 X 1.105 x Nov. 20 31 89 2,759 23 X 89 X 2,047 X 13 X SS 1.105 X Nov. 24 89 801 14 X 89 1.246 X 13 X 85 X 1.105 X Nov. 30 31 94 2,914 31 X 94 2,914 X 14 > 89 1.146 13 1,105 X Nov. an Balances OS X 4,675 x