eBook Show Me How Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 76 units @ $60 Sale 64 units 10 15 Purchase 99 units $62 20 Sale 55 units 24 Sale 14 units 30 Purchase 35 units $66 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 Unance after each sole, preventing the data in the form dlustrated in Exhibe 4. Under LIFO, units are in inventory at two different costs, enter the units with the HIGHER Unt cost first in the cost of Merchandise Sold Unit Cont column and LOWER unit cost first in the Inventory Unit Cost column Perpetual Inventory Account LITO Method Portable Game Players Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Purchases Purchases Quantity Unit Cost Total Cost Sold Quantity Date Purchased Apr. 1 Inventory Inventory Inventory Quantity Unit Cost Total Cost Apr 10