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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for 80 units @ $47 66 units 98 units ss0 55 units 1S units 39 units a $53 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase tory balance after each sale, presenting the data in the form Mustrated in Exhibet 4 Determine the cost of merchandise sold for each sale and the inven Under LIFO, i Inventory Unit Cost column. the Cost of Merchandise Soid unit Cost column and LOWER unit cost fest in the if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in Schedule of Cost of Merchandise Sold Quancity Total Cost Unit Cost Sold Cost Cost 15 units 39 units @ $53 30 Purchase system, costing by the last-in, first-out method ater each sale, presenting the data in the form mustrated in Exnibe 4 Determine the cost of merchandise sold for each sale and the in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the under LIFO, if units are in inventory at two Inventory Unit Cost column costs, Schedule of Cost of Merchandise Sold ty Cost of Merchandise SoldCost of Merchandise SoldInventoryInventory Unit Inventory Total Sold DatePurchased Total Cost Cost | c ) , ACtBaace PreviousNext All work saved