petual Inventory Using LIFO eginning inventory, purchases, and sales data for DVD players are as follows: 74 units at $58 49 units November 1 10 15 20 24 30 95 units at $61 Inventory Sale Purchase Sale Sale Purchase 54 units 16 units 26 units at $64 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 Exhit 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 colum LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Date Purchases Unit Purchases Total Quantity Cost of Goods Sold Purchased 10 Check My Work All work saved Submit A n t for Grading