Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 42 units at $85 10 Sale 30 units 15 Purchase 56 units at $89 20 Sale 31 units 24 Sale 9 units 30 Purchase 29 units at $93 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 Quantity Purchases Purchases Quantity Purchased Unit Cost Total Cost Sold Cost of Goods Sold Unit Cost Cost of Inventory Inventory Goods Sold Inventory Total Cost Unit Cost Total Cost Quantity Date Nov. 1 Nov. 10 888