Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 64 units at $70 49 units 83 units at $74 47 units 13 units 37 units at $77 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. LIFO Method Quantity Purchases Purchased Unit Cost Date Nov. 1 Nov. 10 Nov. 15 83 V 74 V 6,142 V Nov. 201 Nov. 24 Nov. 30 Nov. 30 Balance LIFO Method DVD Players Cost of Cost of Purchases Total Cost Quantity Goods Sold Goods Sold Inventory Sold Unit Cost Total Cost Quantity Inventory Inventory Unit Cost Total Cost 64 V 70 4,480 V 3,430 15 70 1,050 15 70 1,050 83 V 74 6,142 v 3,478 V 15 V 70 1050 x 74 V x x 24 x