Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 66 units $61 Apr. 1 Inventory 10 Sale 44 units 15 Purchase 81 units $65 20 Sale 47 units. 24 Sale 13 units 30 Purchase 30 units $68 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.