The following units of a particular item were avallable for sale during the calendar year: 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 last-in, 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 ring the calendar year: cost of goods sold for each sale and the inventory balance he data in the form illustrated in Exhibit 4. Under LIFO, if units ith the LOWER unit cost first in the Inventory Unit Cost 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 last-in, first-out method. Present the data in the form illustrated in Exhibit 4. Under LIFO, if are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost column. cost of goods sold for each sale and the inventory balance he data in the form illustrated in Exhibit 4. Under LIFO, if units ith the LOWER unit cost first in the Inventory Unit Cost