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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows Apr. 1 Inventory 77 units $73 10 Sale S2 units 15 Purchase 92 units $76 20 Sale 52 units 24 Sale 16 units 30 Purchase 25 units $81 The business maintains a perpetual inventory system, costing by the last-in, forst-out method Determine the cost of merchandise sold for each sale and the inventory balance after each bring the data in the form strated in a 4. Under UFO, unite are in inventory of two Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory un cost columns Perpetual Inventory Account LIFO Method Portable Game Players Cost of Cost of Merchandise Merchandise Purchases Purchases Quantity Sold Sold Quantity Unit Cost Inventory Inventory Teventory Unit Cost Total Cost Sold Total Cost Quantity Unit Cost Total Cost Date Purchased Ape 1 Ap 10 Apr 15 Apr. 20 ADF, 24 dor do A 30 Balance c 0