Perpetual Inventory Using LFO Begiting inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 74 units at 93 10 Sale 60 units 15 Purchase 95 units at 90 20 Sale 53 units 24 Sale 13 units 30 Purchase 30 units at 102 The business maintains perpetual inventory system costing by the last fout method Determine the cont of merchandise sold for each and the kiventory teacher carenting the contre um tred the UnderLIFO, units are inventory of two different couts, enter the units with the HIGHER con first in the cost of Good Son Costumes and LOWER court the inventory Unit Costum Cost of Good Son LIF Method DVD Players Purchases Unt Quantity Purchases Total Quantity Cost of Goods Sold Unt Cost of Goods Sold Total Inventory Inventory Unit Inventory To Date Purchased Cout Cast Soid Cost Quantity Cou Now 10 Now 15 1000000 0 How Schede of Contot Gods sold UFO Method DVD Payer Cost of Cost of Good Sold Total Cost Oy Purchased Purchases Cost Date Purchases To Cost Quantity Sold Inventory Quality Inventory COM Inventory To Cou Nov. 1 10 Nov 15 Now 20 Now 24 How 30 I Now 30 Balance Exhibit 4 Entries and Perpetual Inventory Account (LIFO 21,000 Jan. 4 Accounts Receivable Sales 4 Cost of Goods Sold Inventory 21,000 14,000 14,000 11,200 10 Inventory Accounts Payable 11,200 500 Item 1278 Cost of Purchases Goods Sold Inventory Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 1,000 20.00 20,000 4 700 20.00 14,000 300 20.00 6,000 10 22.40 11,200 300 20.00 5,000 500 2240 11,200 22 360 22.408,064 300 20.00 6,000 140 2240 3,136 28 140 22.40 3,136 20.00 4.000 100 20.00 2.000 30 600 23.30 13,980 200 20.00 4,000 600 23.30 13.980 31 Balances 27,200 17.950 22 Accounts Receivable Sales 22 Cost of Goods Sold Inventory 10.800 10,000 8,054 8,064 200 7,200 7,200 28 Accounts Receivable Sales 28 Cost of Goods Sold Inventory 5136 5,136 30 Inventory Accounts Payable 13.900 13,980 Cost of goods sold January 31 Inventory