Perpetual inventory Using LIFU Beginning inventory, purchases, and sales data for DVD players are as follows: 120 units at $39 November 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 90 units 140 units at $40 110 units 45 units 160 units at $43 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods 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 unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold DVD Players Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Total Cost Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 000000 000000 000000 Schedule of Cost of Goods Sold LIFO Method DVD Players Inventory Unit Cost Inventory Total Cost 0000000 0000000 00 10000000 00 Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Cost of Goods Sold Inventory Unit Cost Total Cost Quantity Nov. 1 Nov. 10 Nov. 15 Nov. 201 Nov. 24 Nov. 30 Nov. 30 Balances 0 0 00 0