The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the lastin, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, If units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost columns Schedule of Cost of Goods Sold LIFO Method Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost [Jan. 1 Apr. 19 June 30 Sept. 2 Nov. 15 Dec. 31 Balances PEVIOUS 28 Check My Work 5 more Checker