Perpetual Inventory Using Fo Beginning inventory, purchases, and sales data for DVD players are as follows: 120 units at $39 November 1 10 Inventory Sale 15 Purchase 20 Sale 24 30 Sale Purchase 90 units 140 units at $40 110 units 45 160 units at $43 The business maintains a perpetual inventory system, cesting by the first-in, first-out method a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presencing the data in the form illustrated in Exhibe 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Use Cast olumn and in the Inventory Unit Cost column, Cost of Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchases Purchases Quantity Purchased Unit Cost Total Cost Sold Cost of Goods Sold Unit Cost Date Nov 1 Nov. 10 Nov. 15 X Nov. 201 Nov. 24 Nov. 30 x Nov. 30 Balances X X Cost of Goods Sold Inventory Inventory Inventory Total Cost Quantity Unit Cost Total Cost x