Perpetual Inventory Using LIFO Beginning Inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 43 units @$96 10 Sale 33 units 15 Purchase 55 units @ $100 20 Sale 32 units 24 Sale 9 units 30 Purchase 21 units @ $104 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Cost of Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Merchandise Sold Merchandise Sold Unit Cost Total Cost Apr. 1 Apr. 10 Apr. 15 Apr. Inventory Quantity Inventory Unit Cost Inventory Total Cost 00000 00000 00000 Determine the cost or 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Merchandise Sold Cost of Merchandise Sold Inventory Inventory Inventory Quantity Unit Cost Total Cost Unit Cost Total Cost Apr. 1 Apr. 10 Apr. 15 Apr. 20 Apr. 24 0 0 0 0 0 0 Apr. 30 Apr. 30 Balance 00000000000 000000000000