Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 62 units at $95 Sale 50 units 15 Purchase 76 units at $100 20 Sale 42 units 24 Sale 11 units 30 Purchase 31 units at $105 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 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 Purchases Purchases Quantity Goods Sold Goods Sold Inventory tory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Date Total Cost Ouantity Unit Cost Total Cost Nov. 1 Nov. 10 Now, 10 Calculator WICE LUULIVOICOTY CUSCI TIGIOSES DE TIGHT Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Ex 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 LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Date Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 20 Nov. 24 Nov. 30 O o o Check My Work 3 more Check My Work uses remaining. Previous