Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 51 units @ $51 Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 35 units 22 units $54 24 units 7 units 32 units $57 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form ill 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 colur Perpetual Inventory Account First-in, First-out Method Portable Game Players Quantity Cost of Cost of Purchases Purchases Quantity Unit Total Date Purchased Cost of Merchandise Sold Merchandise Merchandise Sold Unit Cost Cost Cost Sold Total Cost Inventory Inventory Inventory Quantity Unit Total Cost Cost Apr. 1 51 51 2,601 Apr. 10 35 V 51 V 1,785 V 16 51 816 Apr. 15 22 54 V 1,188 V 16 51 816 22 54 1,188 V Apr. 201 16 51 816 V 32 X 54 1,728 X 10 X 54 540 X Apr. 24 7 V 54 378 V 25 X 54 1,350 X Apr. 30 32 57 1,824 V 25 X 54 1,350 X 32 57 1,824 Apr. 30 Balances Feedback