Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 55 units @ $66 10 Sale 44 units 15 Purchase 66 units @ $69 20 Sale 38 units 24 Sale 11 units 30 Purchase 20 units $72 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 cast of Merchandise Sold Unit Cost calumn and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Date Quantity Purchases Unit Purchases Total Quantity Cost of Merchandise Sold Unit Cost of Merchandise Sold Total Inventory Inventory Unit Inventory Total Purchased Cost Cost Sold Cost Cost Quantity Cost Cost Apr. 1 Apr. 10 Apr 15 Apr. 20 'IllIIIIIII Q1I110110 00000000000 Apr. 24 Apr. 30 Apr BT 30 Balance