Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows November 1 Inventory 54 units at $95 10 Sale 44 unts 15 Purchase 71 units at $100 20 Sale 39 units 24 Sale 10 units 30 Purchase 27 units at $105 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 contenter the units with the HIGHER unit cost first in the cost of Goods sold Unit Cont column and LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost Goals Sold UFO Mechod DVD Players De Quart Purchased Purchases Una Gout Purchases Toul Cost Quarty Sold Oost of Good Sold Unt Cost Cost of Good Sold Total Cost t ory Quantity Nov. 10 Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 54 units at $95 Sale 44 units 15 Purchase 71 units at $100 20 Sale 39 units 24 Sale 10 units 30 Purchase 27 units at $105 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 Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Quantity Goods Sold Goods Sold Sold Unit Cost Total Cost Quantity Date Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. Ralapres 30 Balances