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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 80 units at $50 Sale 66 units Purchase 101 units at $53 20 Sale 58 units Sale 17 units Purchase 31 units at $55 The business maintains a perpetual 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 Under LIFO, 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 colum and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Quantity Goods Sold Goods Sold Sold Unit Cost Total Cost Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Date Nov. 1 80 4,000 66 50 3,300 14 700 Nov. 10 Nov. 15101 53 5,353 700 5,353 Nov. 20 58 53 3,074 v 11 700 2.279 Nov. 24 17 53 901 14 700 Nov. 30 31 55 1.705 700 1.705 Nov. 30 Balances