Perpetual Inventory using LFFO Beginning ifiventory, purchases, and sales data for DVD players are as foliows: 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 illustrated in Exhibit 4. Under LIFO, If units are in ifiventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first. in the Inventory Unit Cost column