Rerpetual ifventory using flfo Beginining inventory, purchases, and sales data for ovD playens are as follons: The buniness mwintains is perpttual invemory wystem, costing by the fint.in, fint-out methed. Feedbesk F check My Wrik Note that this exerciseluses the perpetual inventory system. FIFO means that the first units purchased are assumed to be the first to b. purchases. b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method