Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the dota in the form illustrated in Exhibit 4 . Under UFO, 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 cos: first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Purchast of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Cost Nov, 1 Nov, 10 Nov. 15 Nov. 20 Nov, 24 Nov. 30 Nov. 30 Balances