Perpetual eventory Using FIFO Beginning inventory purchases, and sales data for portable DVD players are as follows Apr1 Inventory Sale 50 units 149 3 units 10 15 Purchase 23 units551 20 21 units 24 Sale 14 units 40 units 553 30 Purchase The business maintains a perpetual inventory system, costing by the first first method Determine the cost of the merchandise sold for each sale and the Inventory balance after each sale, presenting the data in the form iustrated in a. Under FIFO, units are in Inventory at two different counter the units with the LOWER cost first in the cost of Merchandise Sold Unit Cost column and in the inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Date Quantity Purchases Unit Purchases Total Quantity Cost of Merchandise Cost of Merchandise Sold Unit Cost of Merchandise Solid Total Inventory Purchased Cost Cost Sold Cost Cost Quantity Apt 1 Apr . 10 Ar 15 Inventory Cost Inventor 101 0 Ape 20 100001 00 I 100 100 Apr 24 ADE 30 Check Werkmore Check My Worker Previous Same and + segmentindokrimentSession Locator progresse 21 30 Purchase 40 550 The business maintains a perpetual inventory wym, costing by the first first out method Determine the cost of the merchandise old for each sale and the inventory balance after each renting the data in the form strated in Ebit. 2. Under roll units are in very at two different costs, enter the with the LOWER o first in the Cost of Merchandise Soldnt Cost column and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases in Purchases Total Quantity Cost of Merchandise Cost of Merchandise SoldUnit Cost of Merchandise Sold Total Purchased Cost Sold Inventory Cost Quantity Apr AGE 10 Apr 15 Date Cast Inventory Cost Inventory Total Cost 0 Aps 24 30 30 Previous 9:30 AM 1