Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 35 units at $55 10 Sale 24 units 15 Purchase 18 units at 558 20 Sale 16 units 24 Sale 7 units 30 Purchase 34 units at 561 The business maintains a perpetual Inventory system costing by the first in first-out method ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook - Show Me How The business maintains a perpetual Inventory system costing by the first in first-out method. a. Determine the cost of the goods sold for each ale and the inventory balance after each sale presenting the data in the form illustrated in Bibit . Under FIFO, If units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Good Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Goods Sold Schedule First First-out Method DVD Players Date Quantity Purch Unit Purchases Total Quantity Com of Goods Sold Unit Cost of Goods Sold Total Inventory Purchased Sold Inventory Unit Cost Inventory Total Cost Cost Quantity Cost Cost Nov. 1 No 10 Nov 15 0 0 1110001 oo l'oubli con l'oubli con 20 34