Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for Ovo players are as follows: The business maintains a perpetual inventory system, couting by the last-in, first-out method. Determine the cost of goods sold for each sole and the inventory balance after esch sale, preseeting the data in the form illustrated in Extibit 4 , Under LWO, if units are in costs, enter the units with the HEGHER unit cost first in the Cost of Goods Sold Unit Cost column and LowER unit cost first in the Inventocy Unit Cost column