Perpetual Inventory Using FIFO Beginning inventory. purchases, and sales data for DVD players are as follows: November 1 Inventory 120 units at 5:39 10 15 Purchase 140 units at 40 20 110 units 24 Sale 45 units 30 Purchase 160 units at $45 The business maintains a perpetual inventory system, costing by the first in first-out method, a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the formatrated in the under of units we inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unt Cost column and in the entory Cast Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Date Quantity Purchases Unit Purchases Total Quantity Cost of Goods Sold Cost of Goods Sold Inventory Inventory Unit Inventory Total Purchased Cost Cost Sold Unit Cost Total cost Quantity Cost Cost Now 1 Now 10 Nov 15 . Nov inventory at two different costs, enter the units with the LOWER cost first in the cost of Goods Sold Unit Cost column and in the Inventory to com Cost of the Goods Sold Schedule First-in, First out Method DVD Players Dite Quantity Purchases Unit Purchases Total Quantity Cost of Goods Sold Cost of Goods Sold Inventory Intry Unit Purchased Cost Cost Sold Unit Cost Total Cost Quantity Now 1 Nov. 10 Nov 15 Inventory o POODID OOO Now 20 000 9 Nov. Nov. o Nov Balances I. Based upon the preceding data, would you expect the inventory to be higher or lower using the last first-out method