nutakeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 15 Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 53 units @ $74 10 Sale 34 units Purchase 25 units @ $77 20 Sale 25 units 24 Sale 13 units 30 Purchase 33 units @ $80 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the In Exhibit 3. . a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of M Unit Cost column and in the Inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-In, First-out Method Portable DVD Players Cost of Quantity Cost of Purchases Quantity Cost of Purchases Date Inventory Inyo Merchandise Sold Purchased Total Cost Merchandise Sold Merchandise Sold Unit Cost Unit Cost Unit Quantity Total Cost Apr. 1 Apr. 10