Perpetual Inventory Using LIFO Beginning Inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 44 units $81 10 Sale 33 units 15 Purchase 55 units @$85 201 Sale 31 units 24 Sale 8 units 30 Purchase 30 units $90 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. Perpetual Inventory Account Cost of Cost of Merchandise Merchandise Sold Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Purchases Purchases Quantity Sold Unit Cost Unit Cost Total Cost Sold Quantity Date Purchased Apr. 1 Apr. 10 Apr. 15 Y Apr. 20 Apr. 24 Apr. 30 O Apr. 30 Balance 000 0 0 0 00