Perpetual Inventory Using LIFO Beginning Inventory, purchases, and sales data for portable DvD players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 79 units $63 64 units 98 units $66 56 units 16 units 27 units $69 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 ilustrated 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Merchandise Sold Total Cost Inventory Quantity Unit Ct Total Cost Inventory Purchases Total Cost Quantity Sold Cost of Merchandise Sold Unit Cost Date Quantity Apr Purchases Unit Cost Purchased Apr 10 Apr 15 Apr 20 Previous Next Check My Work 3 more Check My Work uses remaining. Emal Instructor Save and Exit Submit Assignment fr All work saved. Perpetual Inventory Using LIFO Beginning Inventory, purchases, and sales data for portable DvD players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 79 units $63 64 units 98 units $66 56 units 16 units 27 units $69 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 ilustrated 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Merchandise Sold Total Cost Inventory Quantity Unit Ct Total Cost Inventory Purchases Total Cost Quantity Sold Cost of Merchandise Sold Unit Cost Date Quantity Apr Purchases Unit Cost Purchased Apr 10 Apr 15 Apr 20 Previous Next Check My Work 3 more Check My Work uses remaining. Emal Instructor Save and Exit Submit Assignment fr All work saved