Perpetual Inventory Using FIFO &takeAssignmentSessionLocator=&inprogress... Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 49 units $79 10 Sale 39 units 15 Purchase 20 units $82 20 Sale 14 units 24 Sale 8 units 30 Purchase 21 units 585 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Echibit 3 a. 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 Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Quantity Cost Quantity Purchases Purchases Cost of of Cost of Date Merchandise Inventory Purchased Merchandise Inventory faventory Unit Cost Total Cost Merchandise Sold Unit Cost Sold Total Cost Quantity Unit Cost Total cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Vuonny LUSU of Merchandise Sold Cost of Cost of Merchandise Merchandise Sold Unit Cost Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 1 49 79 3.871 39 79 3,081 10 79 790 Apr. 10 Apr 20 82 1.640 10 79 790 Apr 20 14 x 32 x 1.148 x Apr 24 Apr 30 II III - AD 30 Balances Cheyen Note that this exercite uses the perpetual Inventory system. Fico means that the first units purchased are assumed to be the first to be