perpetual inventory using LIFO

Perpetual Inventery Using LIFO Beginning inventory, purchases, and sales data for portable game players are as folows: 59 units $41 Apr. 1 Inventery 10 Sale 41 units 75 units$43 15 Purchase 20 Sale 43 units 24 Sale 12 usits 30 Purchase 21 usits $46 The business maintains a perpetual inventory system, costing by the last-in, frst-out methed Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presering the cata in the form istrated in Exhibit 4 Under LIFO, units are in inventory at twe dferent costs, enter the units wth the HIGHER unit cout fint in the Cost of Mercandise Sold Unit Cost colums and LOWER unt cost frst in the Inventary UR Cost column Schedule of Cest of Menchandise Sold IFO Method Partable Game Payers Date Quantity Parchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Merchandise Seld Unit Cst Cest of Merchandise Seld Tetal Cost Inventory Quantity Inventery nt Cost Inventory Total Cost Apr 1 Apr 10 Apr 15 Apr 20 Agr 24 Apr 30 Apr 30 Baance