SKOW ME HOW ulator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 43 units @ $63 10 Sale 34 units 15 Purchase 21 units @ $66 20 Sale 17 units 24 Sale 8 units 30 Purchase 21 units @ $69 The business maintains a perpetual Inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-In, First-out Method Portable DVD Players Quantity Purchases Purchases Quantity Cost of Merchandise Cost of Merchandise Inventory Date Inventory Inventory Purchased Unit Cost Total Cost Sold Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost Apr. 1 Apr Next) Check My Work C eBook 34 Show Me How Calculator Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases Quantity Cost of Merchandise Cost of Merchandise Total Cost Sold Sold Unit Cost Sold Total Cost Date Quantity Purchased Purchases Unit Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 1 Apr. 10 Apr 15 Apr 20 110 Apr 24 Apr 30 . a Apr 30 Balances