Perpetual Inventory UsingLIFO

Beginning inventory, purchases, and sales data for DVD players are as follows:

erpetual Inventory using LIFO eginning inventory, purchases, and sales data for DVD players are as follows: Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 November I 20 24 Inventory Sale Purchase Sale Sale Purchase 48 units at $81 33 units 60 units at $86 34 units g units 3S units at $91 he business maintains a perpetual inventory system, costing by the last-in, first-out method. etermine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. nder 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 Date Nov. Nov. Quantity Purchased Balances Purchases Unit Cost LIFO Method DVD Players Cost of Purchases Quantity Goods Sold Total Cost Sold Unit Cost Cost of Goods Sold Total Cost Inventory Inventory Inventory Unit Cost Total Cost Q u antity 30