Perpetual Inventory Using Pro Beginning inventory. Durchases, and sales data for portable game players was follows Apr 1 Inventory 61 units $78 10 Sale 51 unit 15 Purchase 26 units 583 20 Sale 18 units 24 Sale 14 units 30 Purchase 32 units $87 The business maintains a perpetual inventory system, costing by the first in, first-out method a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form lustrated in Exhibit . under FIFO,unts are inventory at two differe costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column Perpetual Inventory Account First-in, First-out Method Portable Game Players Quantity Cost of Merchandise Sold Purchases Purchases Unit Total Cost Cost Cost of Cost of Merchandise Merchandise Sold Sold Unit Cost Total Cost Quantity Purchased Date Inventory Quantity Inventory Inventory Unit Total Cost Cost Apr. 1 Apr. 10 Apr. 15 > Apr. 20 Il nu Il a Apr. 24 Apr. 30 o | | Apr. 30 Balances b. Based upon the preceding data, would you expect the ending inventory to be higher or lower using the last-in, first-out method