Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 44 units at $100 Nov. 1 Inventory 10 Sale 32 units 15 Purchase 56 units at $106 20 Sale 31 units 24 Sale 8 units 30 Purchase 29 units at $112 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. Date Nov. 1 Nov. 10 Nov. 15 Nov. 20 Quantity Purchases Purchases Quantity Purchased Unit Cost Total Cost LIFO Method DVD Players Cost of Goods Sold Sold Unit Cost Cost of Goods Sold Total Cost Inventory Inventory Inventory Total Unit Cost Quantity Cost 00000 00000 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. Date LIFO Method DVD Players Cost of Cost of Goods Goods Sold Unit Cost Inventory Sold Total Cost Inventory Inventory Total Unit Cost Quantity Cost Quantity Purchases Purchases Quantity Purchased Unit Cost Total Cost Sold Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 Nov. 30 Balances 00 000000 1000 000