Perpetual Inventory Using LIFO Beginning inventory. Durchases and sales data for portable game players are as follows Inventory 64 units 390 10 49 units 15 Purchase 77 units 595 20 Sale 12 units 30 Purchase 29 units 5100 The business maintains a perpetual inventory system costing by the last first-out method. Determine the core of merchandise sold for each sale and the invertory balance after each sa presenting the data in the form illustrated in Exhibit 4 Under LIFO. If units are in inventory at two different costs enter the units with the HOHER unit cost first in the cost of Merchandise Sold Unt Cost column and LOWER unit cost first in the Syventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Date Quantity Purchases Unit Purchases Total Quantity Cost of Merchandise Sold Unit Cost of Merchandise Sold Total Inventory Inventory Unit Purchased Inventory Total Cost Cost Sold Cost Cost Quantity Cost Cost 49 10 15 0 Hoe 011000 publi010 Apr Apr Perpetual Inventory Using FIFO Beginning inventory purchases, and sales data for portable DVD players are as follows Apr 1 tventory 37540 10 Sale 38 units 15 Purchase 1 units 542 20 Sale 25 12 units 30 Purchase The business maintains a perpetual inventory system, casting by the first in, first-out method. Decermine the cost of the marchandise sold for each sale and the inventory balance after each sela, presenting the data in the form illustrated in Eshibt 3. . Under Firo. f 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 Invertory Unit Cost celu. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Quantity Date Purchases Unit Purchases Total Quantity Cost of Cost of Merchandise Sold Cost of Merchandise Sold Inventory Inventory Unit Purchased Cost Cost Merchandise Sold Unit Cost Total Cost Quantity Cost Ar 1 1 Inventory Total Cost 10 AD 15 0 0 Ar 20 Ar Ar ] 0