Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 76 units $49 Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 55 units 40 units @$51 29 units 22 units 35 units $54 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 sain, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different 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 Perpetual Inventory Account First-in, First-out Method Portable Game Players Quantity Date Apr 1 Quantity Purchased Purchases Purchases Unit Total Cost Cost Cost of Merchandise Sold Cost of Merchandise Merchandise Sold Sold Unit Cost Cost of Total Cost Inventory Quantity Inventory Inventory Unit Cost Total Cost Apr 10 Apr 15 Apr 201