Question: Perpetual Inventory Using FIFO Beginning inventory, purchase and sales data for portable DVD player April 1 Inventory 75 units @$99 Sale 58 units 15 Purchase

Perpetual Inventory Using FIFO Beginning inventory, purchase and sales data for

Perpetual Inventory Using FIFO Beginning inventory, purchase and sales data for portable DVD player April 1 Inventory 75 units @$99 Sale 58 units 15 Purchase 43 units @ $103 Sale 26 units 14units 24 Sale 25 units @$ 109 Purchase b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method

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