ng methods eBook Show Me How Print tem ge Cost Anal... Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 73 units at $94 10 Sale 55 units 15 Purchase 96 units at $99 20 Sale D 24 Sale 30 Purchase 56 units 16 units 30 units at $105 The business maintains a perpetual inventory system, costing by the last-in, first-out method Determine the cost of goods 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 30 30 LIFO Method DVD Players Quantity Purchases Purchases Quantity Purchased Unit Cost Total Cost Sold Date Nov. 1 Nov 10 Nov. 15 Nov. 201 Check My Wik 3 items Cost of Cost of Goods Sold Goods Sold Inventory Unit Cost Total Cost Quantity Inventory Inventory Unit Cost Total Cost