Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales dat 22 units at $46 The business mainting a per a. Determine the cost of the goods sold for each sale and the inventory balance after Unit Cost column and in the eventory Unit Cost column Me data in the form strated in Under Pro, if units are in invertory at two different costs, enter the units Cost of the Good Sold Sched First First-out Method DVD Date Que P hantom PSTN COMES Nov. 1533 2013 No. 20 Now v 2.013 Nov. 30 Balance Note that this exercise uses the perpetual inventory syst ears that the retur tory made up of the most recent purchases Learning Objective 2. Learning t e Based upon the preceding data, would you on the inventory to be higher lower