Perpetual inventory wingi Beginning invertory, purchases and sales data for DVD players are as follows Nov. 1 Inventory unts at $60 10 Sale Hunt 15 Purchase 37 units at $63 20 31 24 Sale 21 units 30 Purchase 26 units at 560 The business maintains a perpetual inventory system, costing by the first in tout method a. Determine the cost of goods sold for each sale and the inventory balance after each presenting the data in the form strated in tnder FIFO, it units are in inventory two different costs. enter the units with the LOWER UN CON fest in the cost of Good Sold Unit Cost column and in the Inventory Unit Coutcom First-In, First-out Method DVD Players Cost of Cost of Quantity Purchases Purchase Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Coat Sold Unit Cost Total Cost Quantity Unit Cout Total Cost Date Nov No 10 N15 Nov 20 888 W NII Now 24 Nov. 30 Il Nov. 30 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last fout method