Lelyayur UWV2 Te Teaching and learning resource from Cengage Show Me How Calculator cual Inventory Using FIFO ning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 70 units at $70 10 Sale 57 units 15 Purchase 39 units at $73 20 Sale 20 units Sale 22 units 30 Purchase 27 units at $76 business maintains a perpetual inventory system, costing by the first-in, first-out method. 24 Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form ill Chibit 3. Undet FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of G Hit Cost column and in the Inventory Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchases Purchases Quantity Cost of Goods Cost of Goods Inventory Inventory Date Purchased Unit Cost Total Cost Sold Unit Cost Sold Total Cost Quantity Unit Cost TE Sold 70 Nov. 70 $ 1 eBook Show Me How Calculator First-In, First-out Method DVD Players Quantity Cost of Goods Cost of Goods Sold Sold Unit Cost Sold Total Cost Quantity Purchased Purchases Unit Cost Date Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost 70 $ 4,000 13 57 S 3,990 70 910 Nov. 1 Nov 10 , 15 70 7 13 73 2,8477 39 70 9107 73 2.847 70 910 32 13 73 2,336 Nov. 20 70 X 73 Accounting numeric field 73 22 1.606 Nov. 24 Nov, 30 27 76 2,052 X X Nov. 30 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method