cBook Show Me How Calculator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 15 24 November 1 Inventory 120 units at $39 10 Sale 90 units Purchase 140 units at $40 20 Sale 110 units Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual Inventory system, costing by the first-In, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under Fifo, units are in inventory at two different costs, enter the units with the lower unit cost first in the cost of Goods Sold Unit Cost column and in the inventory Unit Cost column Cost of the Goods Sold Schedule First in, First-out Method DVD Players Quantity Purchases Purchases Quantity Cost of Goods Sold Cost of Goods Sold Date Inventory Inventory Unit Inventory Purchased Unit Cout Total Cost Sold Unit Cost Total Cost Quantity Cost Total cost Now 1 Nov , 10 Nov 5600 15 39 4.610 90 0 510 10 DII DE Nov 20