Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 64 units $95 10 Sale 45 units 15 Purchase 77 units $99 20 Sale 43 units 24 Sale 11 units 30 Purchase 35 units @ $103 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise 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 Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Quantity Purchases Purchases Quantity Merchandise Sold Inventory Merchandise Sold Inventory Date Inventory Purchased Unit Cost Total Cost Sold Unit Cost Quantity Total Cost Unit Cost Total Cost Apr. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Quantity Purchases Purchases Quantity Inventory Inventory Date Inventory Merchandise Sold Merchandise Sold Purchased Unit Cost Total Cost Sold Unit Cost Quantity Unit Cost Total Cost Total Cost Apr. Apr. 10 Apr. 15 o Apr. 20 [1111111111 Apr. 24 Apr. 30 Apr Balance 30