Perpetual Inventory Using UIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetyal inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under UFF, 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. column and LOWER unit cost first in the Inventory Unit Cost column