Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data 18 units 7 units 3445 The business maintains a pergi Inventory system, costing by the first-out rated in 3. Under Fo unts are in inventory at two different costs, Determine the cost of the goods sold for each sale and the inventory balance after each sa, presenting the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the inventory Unit Cost colum Cost of the Goods Sold Schedule Piret-in, First-out Method Quantity Purchases Purchase Purchased Unit Com Totalcom Quantity Goods Sold Gooded Sold Unit Cost Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Co lm110