Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 44 units $98 10 Sale 29 units 15 Purchase 55 units $103 20 Sale 31 units 24 Sale 8 units t 30 Purchase 40 units $107 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 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 Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Perpetual Inventory Account LIFO Method Cost of Inventory Inventory Inventory Quantity Unit Cost Total Cost Perpetual Inventory Account LIFO Method Portable Game Players Cost of Merchandise Merchandise Sold Total Cost Quantity Date Purchased Purchases Purchases Quantity Unit Cost Total Cost Sold Unit Cost Sold Apr. 1 Apr. 10 V Apr. 15 Apr. 20 Apr. 241 Apr. 30 Apr. 30 Balance. 0 0 0