Perpetual inventory using Pro Beginning inventory, purchases, and sales data for DVD plavers are as follows The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of poods sold for each sale and the inventory balance after pach sale, presenting the dsta in the form illustrated in Exhibit 3, Under FIFO, if units are in inventory ot two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Cost of Cost of Ouantitv Goods Sold Goods Sold Inventory Inventory Inventory b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method