UNLOcatore&inprogress=false eBook Show Me How Calculator Perpetual Inventory Using UFO Print item Beginning inventory, purchases, and sales data for portable game players are as follows: Inventory Apr. 1 10 Sale 15 45 units @ $78 34 units 60 units @ $83 35 units Purchase Sale Sale 10 units 24 30 Purchase 34 units @ $87 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise 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 inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Purchases Quantity Purchases Quantity Cost of Merchandise Inventory Cost of Merchandise Sold Inventory Inventory Unit Cost Sold Sold Unit Cost Total Cost Total Cost Unit Cost Quantity Total Cost Apr. Date Purchased Apr. | OD Previous Next Check My Work 2 more Check My Work uses remaining Assement for Gre