Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: 76 units $91 Apr. 1 10 Inventory Sale 52 units 15 Purchase 92 units $95 20 Sale 52 units 24 Sale 15 units 30 Purchase 33 units $101 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 Portable Game Players Quantity Purchases Purchases Quantity Unit Cost Total Cost Sold Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Cost of Inventory Inventory Inventory Quantity Unit Cost Total Cost Date Purchased Apr. 1 Apr 10 Apr 15 Apt. 20