Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 61 units at $86 50 units 79 units at $90 43 units Nov. 1 Inventory Date Nov. 1 10 Sale Nov. 10 Nov. 15 15 Purchase 13 units 30 Purchase 34 units at $94 The business maintains a perpetual inventory system, costing by the last-in, first-out method Determine the cost of goods 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 inventory 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 20 Sale 24 Sale LIFO Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity J Inventory Inventory Unit Cost Total Cost

Perpetual inventory using Lifo Begining imventory, purchases, and sales data for BVD players are as follewe: The business mantains a perpetual inventery srstem, costing by the last in, first -eut methed