Obj. 2, 3 EX 6-3 Perpetual inventory using FIFO V Inventory November 30, $7,480 balance, Beginning inventory, purchases, and sales data for DVD players are as follows November 1 nventory120 units at $39 15 20 24 30 0 units 140 units at $40 110 units 45 units 160 units at $43 Sale business maintains a perpetual inventory system, costing by the first-in, first-out method. A. 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 3. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? B. Obj. 2, 3 Inventory balance, Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing illustrated in Exhibit 4. EX 6-4 Perpetual inventory using LIFO 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 November 30, 76 EX 6-5 Perpetual inventory using UFO Obj. 2, 3 " MI st. tRmeun Inventory balance, Beginning inventory, purchases, and sales data for prepaid cell phones for December are as December 31, $8,064 follows Dec. 10 144 units at $90 Dec. 12 240 units 14 166 units Dec. 1 310 units at 588 20 240units at 59%6 31 200 units A. Assuming that the perpetual inventory system is used, costing by the LIFO 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 B. Based upon the preceding data, would you expect the inventory to be higher or lower us ing the first-in, first-out method EX 6-8 Weighted average cost flow method under perpetual inventory system Obj. Total Cost of goods The following units of a particular item were available for sale during the calendar year sold, $1,758,750 nventory 10000 units at $75.00 an. 1 Mar. 18 May 2 Aug. 9Sale Oct 20 Phase . 8,000 units Puschase 18000 units at $77 50 15000 units 7,000 units at $80.25 The firm uses the weighted average cost method with a perpetual inventory syster Determine the cost of goods sold for each sale and the inventory balance after each sale. Pre ent the data in the form illustrated in Exhibit 5