Ch 7-3 Exercises & Problems Pepeenery USRO Book B Show Me How Calolator Printem Beginning investory, purchases, and sales data for portable DVD players are as follows 70 units 546 Purchase 47 units 36 units 29 units 548 16 units 30 Purchase 24 units $50 The business maintains a perpetual inventory system, costing by the first in first-cut method Determine the cost of the merchandise sold for each sale and the investory balancer each sale, presenting the data in the form ustrated in Exhibit a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in the inventory Unit Cost column Cost of the Merchandise Sold Schedule First-is, First-out Method Portable DVD Players Cost of Merchandise Sold Date Purchases Unit Purchase Total cost of Merchandise Sold Quantity Purchased Quantity Cost of Merchandise Sold Check My Work 2 more Check My Worx uses remaining (previous Next Assignment Score: 13.04% Email Instructor Save and Est Submit Assignment for Grad