Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 42 units at $98 10 Sale 35 units 15 Purchase 50 units at $103 20 Sale 29 units 24 Sale 7 units 30 Purchase 40 units at $107 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 back Show Me How Schedule of Cost of Goods Sold LIFO Method DVD Players Purchases Quantity Cost of Goods Cost of Goods Total Cost Sold Sold Unit Cost Sold Total Cost Date Quantity Purchased Purchases Unit Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 . bol11 Nov. 30 Balances