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petual inventory using LIFO inning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 6 0 units at $ 8

petual inventory using LIFO
inning inventory, purchases, and sales data for DVD players are as follows:
Nov. 1 Inventory 60 units at $81
10 Sale
43 units
15 Purchase
73 units at $85
20 Sale
42 units
24 Sale
10 units
30 Purchase
24 units at $89
he business maintains a perpetual inventory system, costing by the last-in, first-out method.
petermine the cost of goods 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 fventory 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.
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