Perpetial Iavereory Using Ifo Beginning invereery, puechased, and sales data for portable gome plavers are as fobsh..2 The zusiness maintairs a perpetual inveotory system, costing by the lastin, frat out method. Oetermine the cost of merchandise sold for each salf and the inventory bolance after each sale, preseneing the data in the form illustrated in Exhibit 4 . Under Lifo, if units are in inventary at two different posts, ender the unat with the BtGrteR unit cont first in the Cost of Merchandise Solf Unit Cost columo and towsR unit cost first in the lenventory Unit Cost column The busioss maintains a perbetuat ifventory system, conting by the last-ing first-out method. Determine the cost of merchandise sold for each sale and the imventory balance after each sale, presenting the data in the form lllustrated in Exhibit 4 , Under Lifo, if units are in inventory at twe different costs, enter the uhins with the HaGkEH unit cost first in the Cost of Merchandise Sold Unit Cost column and LowEA unit cest finst in the tnventory Unit Cost column