Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows November 1 Inventory 120 units at $39 10 Sale 90 units Purchase 140 units at $40 110 units 45 units Purchase 160 units at $43 The business maintains a perpetual inventory system costing by the first in, first-out method. Sale . Under Fir u nits are in inventory at buvo diferent costs. a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form strated in enter the units with the LOWER unit cost first in the cost of Goods Sold Unt Cost column and in the Inventory Unit Cost column. Cost of Goods Sold Schedule First-in, First-out Method DVD Players Cost of Goods Sold Schedule First-in, First out Method DVD Players - Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 Nov. 10 LJ MOOOOO LL Nov. 20 C LUUUUU G Nov. 30 Nov. 30 O O Nov. 30 Balances b. Based upon the preceding data. Would you expect the inventory to be gher or lower using the last-in, first-out method