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Perpetual Inventory Account LIFO Method Portable Game Players Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Purchases Purchases Quantity Unit Cost

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Perpetual Inventory Account LIFO Method Portable Game Players Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Purchases Purchases Quantity Unit Cost Total Cost Sold Inventory Inventory Inventory Quantity Unit Cost Total Cost Quantity Date Purchased Apr. 1 Apr. 10 Apr. 15 o o Apr. 20 Apr. 24 o Apr. 30 a Apr 30 Balance Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 47 units 0 549 10 Sale 33 units 15 Purchase 59 units551 20 Sale 33 units 24 Sale 9 units 30 Purchase 34 units 554 The business maintains a perpetual inventory system, costing by the lost in first-out method Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form strated in the Under uro, unite inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Merchandise Sold Unt Cost column and LOWER in cost first in the Inventory Cost column

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