Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 56 units at $59 10 Sale 41 units 15 Purchase 69 units at $62 20 Sale 38 units 24 Sale 11 units 30 Purchase 20 units at $66 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.