Perpetual Inventory Using FIFO Beginning inventory purchases, and sales data for DVD players are as follows: November 1 Inventory 120 units at $39 10 Sale 90 units 15 Purchase 140 units at $40 20 Sale 110 hits 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual Inventory system, costing by the first in, first-out method a. Determine the cost of goods sold for each sale and the inventory balance after each presenting the data in the formaturated in the under Fo, units are in Inventory at two different costs, enter the units with the LOWER unit com first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Cost of Goods Sold Schedule First-in, First-out Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 Nov. 10 how Me How Plan Nov. 24 NOV 30 988 Nov. 30 Balance Crew Note that these uses the per inventory , FIFO means that the fourts purchased arened to be the other ending inventory is made up of the most recent such b. Based upon the precedine data, would you expect the inventory to be higher or lower the named) OM Consider the cost of entry when purchased and what amber portray method when care increasing income