Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 41 units $77 10 Sale 32 units 15 Purchase 53 units $81 20 Sale 29 units 9 units 24 30 Sale Purchase 22 units $86 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 cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Merchandise Sold Cost of Merchandise Sold Unit Cost Total Cost Quantity Date Purchases Unit Cost Purchased Purchases Total Cost Quantity Inventory Quantity Inventory Unit Cost Inventor Total Cost Balance