Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 78 units at $67 November 1 Inventory 10 Sale 59 units 99 units at $70 Purchase 15 Sale 20 54 units Sale 24 14 units 34 units at $74 Purchase 30 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 Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Inventory Unit Cost Inventory Total Cost Purchases Unit Purchases Total Cost of Goods Sold Unit Cost of Goods Sold Total Quantity Purchased Quantity Sold Inventory Quantity Date Cost Cost Cost Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 Nov $ Balances 30