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Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Nov. 1 Inventory 73 units at $53 10 Sale 48 units 15 Purchase 98 units at $56 20 Sale 55 units 24 Sale 17 units 30 Purchase 23 units at $59 The business maintains a perpetual inventory system, costing by the last-in, first-out method. LIFO Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Purchased Unit Cost Total Cost Unit Cost Total Cost Quantity Inventory Inventory Unit Cost Total Cost Sold Date Nov. 1 53 3,869 UL Nov. 10 48 53 2,544 25 53 1,325 Nov. 15 98 56 5,488 25 53 1,325 98