Perpetual inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 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 bolance after each sale, presenting the data in the form illustrated in Exhibit d. 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 LoW Inventory Unit Cost column. Determine the cost of goods sold sold for each sale and the inventory balance after each salle, 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 colamn and LOWER cmit cost Inventory Wnit Cost column