Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: Sale November 1 Inventory 63 units at $76 10 Sale 41 units 15 Purchase 79 units at $81 20 44 units 24 Sale 12 units 30 Purchase 25 units at $85 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 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 Goods Sold Unit Cost column and LOWER UN cost first in the Inventory Unit Cost column Schedule of Cost of Goods Sold LIFO Method DVD Players