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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 45 units o $86 10 Sale 36 units 15 Purchase 59 units $91 32 units 20 Sale 24 Sale 9 units 30 22 units $96 Purchase The business maintains a perpetual Inventory system, costing by the last-in, first-out method Determine the cost of merchandise sold for each sale and the inventory balance after each sate, presenting the data in the form iustrated in Exibit 4. Under uro, units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Merchandise Sold Unit Cost calumn and LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Quantity Purchases Purchases Quantity Cost of Merchandise Cost of Merchandise Inventory Purchased Sold Unit Cost Date Unit Cost Inventory Total Cost Total Cost Sold Inventory Quantity Sold Total Cost Unit Cost 45 86 Apr 1 Apr 10 Apr 15 36 06 56 774 59 91 369 Apr Mark