x quad:. CengageNOWv2 | Online teachir x+ .com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession... Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 37 units @ $80 29 units 45 units @ $83 26 units 8 units 31 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 illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the unit Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost