Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 35 units at $55 10 Sale 24 units 15 Purchase 18 units at $58 20 Sale 16 units 24 Sale 7 units 30 Purchase 34 units at 561 a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, If units are in inventory to different cost enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Cost of the Goods sold Schedule Fint-in. First-out Method DVD Players Purchases Unit Purchases Total Date Quantity Cost of Goods Sold Unit Cost of Goods Sold Total Inventory Invertory Unit Inventory Tocal Purchased Cost Cost Sold Cost Cost Quantity Cost Cost Nov. 1 Nov. 10 Now 15 Now 20 0 000 [ 100 lhali po! l'obb) 000 poolu pod [ 100 Now 24 NO 30 I Now 30 tant b. Band upon the precede data wody get the near to be righer or wwwing the first method Lower