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Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are as...

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Perpetual inventory using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Deternine the cost of goods sold for each sale and the imventory balance after each sale, presenting the data in the form ilustrated in Exhibit ar Under fIFe, if uniti are in inventory at two different costs, enter the units with the LOWER unt cost first in the Cost of Goods Sold Unit Cost column and in the inventory Unit Cost column

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