Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 76 units @ $60 Apr. 1 10 15 20 24 Inventory 30 Sale Purchase Sale Sale 59 units Purchase 100 units @ $63 55 units 40 units @ $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. 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. 14 units Perpetual Inventory Account LIFO Method stable Game Players

Perpetual Inventory Using LHF Beginning inventory, purchases, and sales data for portable game players are as follows: The buiness maintains a perpetual inventory wysem, costing by the last-in, first-out method. Determine the cost of merchendise sold for each saie and the inventory balance after each dale, presenting the data in the form iliustrated in Fxthibit 4, Under Lifo, if units ore in inventory at two different costs, enter the units with the HICHER unit cost first in the Cost of Merchundise Sold Unit Cost column and LowEA unit cost first in the Inveritory unit Cost columa