Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 65 units 10 Sale 44 units 15 Purchase 27 93 20 27 units Sale 12 units 30 Purchase 26 units at $90 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 sa presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory two different cats, 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 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 Unit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 Now. 10 Now. 15 Nov. 20 Nov. 24 No. 30 I Nov. 30 ances All work saved COM teginning inventory purchases, and sales data for DVD players are as follows: November 1 Inventory 62 units at 191 10 Sale 44 units 15 Purchase 80 units at $96 20 Sale 46 units 24 Sale 13 units 70 Purchase 24 units at $101 The business maintains a perpetual inventory system, costing by the last in, first out method Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form ilustrated in 4. Under UFO, if units are in inventory at two different costs, enter the units with the HIGHER unit costs in the cost of Goods Sold Unit Cost column and LOWER unit cost fest in the inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO 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 in Cost Total Cost Date Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 Nov. 30 balances ebook Calculator Perpetual Inventory Usingur Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec. 1 1,300 units at $20 Dec 10 650 units at 2 Dec 12 910 Dec. 20 585 units at 24 Dec. 14 7 Dec. 31 300 units a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each presenting the data in the form ustrated in 4. Under UFO, units are in inventory at two ferent costs, enter the units with the HIGHER unit cost first in the cost of Goods Sold Unit Cost come and LOWER test first in the Inventory wit Cost column Schedule of Cost of Goods Sold LIFO Method Prepaid Cell Phones Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Unit Cost Total Cost Quantity Unit Cost Total Cost Date Dec. 1 Dec. 10 Dec. 12 539 Dec. 14 Dec. 20 Dec. 31 Dec 31 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the first in first-out method Check My Wor