Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apt. 1 Inventory 50 units $80 10 Sale 35 units 13 Purchase 30 units $84 20 Sale 24 units 24 Sale 10 units 30 Purchase 34 units $10 The business maintains a perpetual inventory system, costing by the first-in, firstout method, .. Determine the cost of the merchandise sold for each salt and the inventory balance after eachs sale, presenting the data in the form strated in chibit 3. Under FIFO, fonts are in nventory at two diferent costs, enter the units with the Lower unit cost first in the cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Determine the cost of the merchandise sold for each salt and the inwentary balance after each sale, presenting the data in the form dlustrated in Bhubit 3. Under Firo, a unes ure in nventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost colume and in the lovestory Unit Cost coturut. Perpetual Inventory Account First in, First out Method Portable Game Players Purchases Purchases Unit Total Cost Quantity Cost of Merchandise Sold Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Cast Quantity Date Purchased Ap 1 Apl 10 Inventory Quantity 50 15 Inventory Unit Cost Inventory Total Cost 4.000 35 2.000 AL 15 30 4 2.530 30 x 84 X 2.520 X Apr. 20 00 014 Apr 24 10 114 A 30 34 2.992 36X 2.712 X A 30 Balance