Question: Question Content Area Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 75 units

Question Content Area Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 75 units @ $75 10 Sale 55 units 15 Purchase 100 units @ $80 20 Sale 56 units 24 Sale 14 units 30 Purchase 39 units @ $84 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 sale, presenting the data

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