Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the forn b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method? The units of Manganese Plus available for sale during the year were as follows: There are 17 units of the product in the physical inventory at November 30 . The periodic inventory system is used. a. Determine the inventory cost by the FIFO method. ! b. Determine the inventory cost by the LIFO method. c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places. 1