KeAssignment/takeAssignmentMain.do?invokern&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Calculator Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 52 units at $56 10 Sale 38 units 15 Purchase 66 units at $59 20 Sale 38 units 24 Sale 9 units 30 Purchase 28 units at $63 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 Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Purchases Purchases Quantity Cost of Goods Sold Cost of Goods Sold Inventory Date Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Nov. 1 38 Nov. 10 Nov. Wed 10:30 AM + TakeAssignment/takeAssignmentMain.do?invokeru&takeAssignmentSessionLocator &inprogress=false Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Date Quantity Purchases Purchases Quantity Cost of Goods Sold Cost of Goods Sold Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Nov. 1 Nov. 38 10 Nov. 15 Inventory Unit Cost Inventory Total Cost I Nov. 20 Nov. 24 Nov. 30 o o Nov. 30 Balances Previous Next Check My Work 2 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Submit Assignment for Grading