Perpetual Inventory Using LIFO Beginning Inventory, purchases, and sales data for portable game players are as follows: 55 units $71 Apr. 1 Inventory 10 Sale 36 units 15 Purchase 71 units @ $75 20 Sale 39 units 24 Sale 12 units 30 Purchase 29 units $80 Apen 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 Wlustrated in Exhibit 4, Under LIPC 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 the Inventory Unit Cost column. Perpetual Inventory Account LIFO Method Portable Game Players Cost of Merchandise Merchandise Cost of Quantity Purchases Purchases Quantity Unit Cost Total Cost Sold Unit Cost Sold Total Cost Sold Inventory Inventory Inventory Quantity Unit Cost Total Cost Date Purchased Apr. 1 Apr. 10 Apr. 15 Apr. 201 Previous Instrictor Submit T