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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 64 units a $79 43 units 77 units @ $83 43 units 11 units 35 units a s86 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase s maintains a perpetual inventory system, costing by the lastin, first out method. by the last-in, first-out method i ale, presenting the data in the form illustrated in Exhibit 4 Determine the cost of merchandise sold for each sale and the inventory balance after each s ferent 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. Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Purchases Total Cost Quantity Sold Cost of e Sold Inventory Inventory Unit Inventory Total Purchases Unit Cost Cost of Merchandise Sold Merchandis Total Cost Quantity Purchased Quantity Apr. 1 Apr. Balance 330 P