Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 57 units @ $50 10 Sale 37 units 15 Purchase 73 units @ $52 $ 20 Sale 41 units 12 units 24 Sale 30 Purchase 20 units @ $54 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. Perpetual Inventory Account LIFO Method Portable Game Players Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Purchases Purchases Quantity Quantity Sold Date Purchased Unit Cost Total Cost Apr. 1 Apr. 10 Apr. 15 Apr. 20 11 w. Apr. 24 0 Apr. 30 Apr. 30 Balance