Perpetual Inventory Using UFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 65 units at $50 10 Sale 48 units 79 units at $52 15 Purchase Sale 20 44 units 24 Sale 12 units 30 Purchase 22 units at $55 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. eBook Show Me How Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Cost of Goods Sold Cost Goods Sold Sold Unit Cost Total Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 Nov. 10 Nov. 15 o Nov. 20 Nov. 24 011010101 Nov, 30 Nov. 30 o Balances Previous Next > Check My Work 3 more Check My Work uses remaining