perpetual inventory using lifo

a/29/2019 CenggerO Or gnd ng reue from Cengge Lear Lin Arst out In Beginning inventory, purchases, and sales data for portable game players are as follows: 1. EX.07-04 ALGO (Algorithmic) Perpetual Inventory Using LIFO Inventory 70 units @ $65 Apr. 1 Sale 48 units 10 Purchase 87 units @ $68 15 20 Sale 48 units 24 Sale 15 units Purchase 29 units @ $71 30 The business aintains a perpetual inventory system, costing by the last-in, first Determine the cost of merchandise sold for each sale and the inventory balan form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units Merchandise Sold Unit Cost column and LOWER unit cost first in the Inv Schedule of Cost of Merc