November 1 Inventory 50 units at $41 Sale 34 units Purchase 20 units at $43 Sale 23 units Sale 9 units Purchase 34 units at $45 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Date . Cost of Cost of Goods Sold Goods Sold Unit Cost Total Cost Purchased chases Total Cost Unit Cost Quantity Sold Inventory Quantity Inventory Unit Cost Total Cost Nov. 1 2,050 Nov. 10 34 41 1,394 50 1 6 36 4 1 41 42.11 656 Nov. 1520 43 860 x x 1,516 X Nov. 20 13 43 559 16 C1 9 41 43 43 656 301 387 Nov. 24 4 43 44.78 172 1,702 Nov. 30 34 45 1,530 38 x x x Nov. 30 Balances