Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 44 units at $44 10 Sale 29 units 15 Purchase 55 units at $47 20 Sale 31 units 24 Sale 9 units 30 Purchase 39 units at $49 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form 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 Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Schedule of Cost of Goods Sold LIFO Method DVD Players Quantity Purchased Purchases Purchases Unit Cost Total Cost Quantity Sold Cost of Cost of Goods Sold Goods Sold Inventory Unit Cost Total Cost Quantity Inventory Inventory Unit Cost Total Cost Date Nov. 1 44 44 1,936 Nov. 10 29 44 1,276 15 44 660 | Nov. 15 55 47 2,585 15 44 660 55 47 2,585 Nov. 20 31 47 1,457 15 44 660 15 X 47 Nov. 24 Nov. 30 O O Nov. 30 Balances O