Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 10 Inventory Sale Purchase Sale 15 20 39 units @ $43 25 units 51 units $45 29 units 7 units 24 Sale 30 Purchase 40 units $47 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. Legge learning Bock Calculator Printer Show Me How Sale Purchase 24 30 7 units 40 units $47 The business maintains a perpetual inventory system, costing by the last first-out method Determine the cost of merchandise sold for each sale and the inventory balance after each sa, 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 Inventory Unit Cost column cost first in the cost of Merchandise Sold Unt Cost column and LOWER Schedule of Cost of Merchandise Sold LIPO Method Portable Game Players Cost of Merchandise Cost of Merchandises TotalCout Date Quantity Purchased Purchases Unit Cart Inventory Quantity story Cost o Cost