Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 75 units $59 49 units 9B units $63 56 units 15 units 25 units $66 Apr Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 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 fom ilustrated in Exhibit 4 Under LIFif units are in Inventory at two different oosts, enter the units with the HIGHER unit oost first in the cost of Merchandise 50 d unit Cost column and LOWER unit oost first in the inventory Unit Cost oolumn. Schedule of Cost of Merchandise Sold LTFO Method Portable Game Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Quantity Inventory Unit CostInventory Total Cost Apr. 1 Apr. 10 Apr. 20 Apr. 24 Apr, 30 Apr. 30 Balance