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Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 56 units at $59 10 Sale 46 units 15 Purchase 69 units at $63 20 Sale 39 units 24 Sale 11 units 30 Purchase 23 units at $66 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 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 column and LOWER unit cost first in the Inventory Unit Cost column Schedule of Cost of Goods Sold UFO Method DVD Players Date Quantity Purchases Purchases Quantity Cost of Goods Sold Cost of Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost No 1 Nov 10 0 12:20 PM 10/21/22 v")[- 5 6 7 8 9 R T T U P Sortedute Or COST OTG Solo LIFO Method DVD Players Quantity Cost of Goods Sold Cost of Goods Sold Sold Unit Cost Total Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Noy 1 Nov. 10 Nov 15 0 Nov. 20 100000000011 Hoo 000000000 Now 24 Nov 0 0 30 o Previous Next 12:20 PM 10/21/20 '][+]C-JC 6 8 9 JP R U P

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