Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 45 units @ $67 10 Sale 32 units 15 Purchase 57 units @ $70 Sale 32 units 24 Sale 9 units Purchase 35 units @ $73 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Qua Quantity Cost of Merchandise Cost of Merchandise Sold Sold Unit Cost Sold Total Cost Date Apr. Quantity Purchased Purchases Purchases Unit Cost Purchases Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 30 Balance Balance