Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,100 units at $41 Apr. 19 2.300 units Jure 30 Purchase 4,700 units at $43 Sept. 2 Sale 4.800 units Nov. 15 2,100 units at 546 The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last in, fest-out method. Present the data in the form llustrated in Exhibit 4. Under LIFO, If units are in inventory at two or more different costs, enter the units with the LOWER unt cost first in the inventary Unit Cost column Schedule of Cost of Goods Sold LIFO Method Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Unit Cout Total Cost an. 1 Apr 19 June 30 Sept. 2 Nov. 15