Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 73 units at $59 10 Sale 53 units 15 Purchase 91 units at $61 20 Sale 52 units 24 Sale 14 units 30 Purchase 28 units at $64 The business maintains a perpetual Inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the Illustrated In Exhibit 4. Under LIFO, If units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Goo Cost column and LOWER unit cost first in the Inversory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Quantity Date Purchases Purchases Quantity Inventory Purchased Inventory Goods Sold Goods Sold Unit Cost Total Cost Sold Quantity Unit Cost Unit Cost Total Cost Nov. 73 59 1 RA E e 3 hp ve S 3 9 & C 9 5 7 00 0 2 in R. U D 17 M Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Unit Cost Invel Total Nov. 1 73 52 4,307 53 59 3,127 20 Nov. 10 Nov. 15 59 1,180 91 61 5.551 20 59 1180 91 61 5,551 Nov. 20 39 59 2,301 Nov. 24 110110 1000 Nov. 30 1 Nov 30 Balances Check My Work more Check My Workestering Previous Next All Work Saved Save and all Subir Asset for Grading R $ 8:22 PM oze S A do 3/26/200 Q 60 $ 19 6 7 8 5 C