Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec 1 220 units at $29 Dec. 10 110 units at $31 Dec 12 154 units Dec 20 99 units 533 Dec. 14 132 units Dec. 31 66 units Assume that the business maintains a perpetual eventory system, costing by the first in first-out method. Determine the cost of goods sold for each and the inventory Dance after each salt, presenting me data in the form Ulustrated in Exhibit Under vro, tunits are in inventory at two different costs, enter the units with the LOWER it cost first in the cost of Goods Sold Unit Cost column and in the Inventory Unt Cost column Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory Quantity Unit Cost Total Cost Quantity Date Unit Cost Total Cost Quantity Unit Cost Total Cost Dec 1 Dec 10 Dec 12 II I W Il llll Dec 14 385 Dec 20 Cost column Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Date Dec. 1 Dec. 10 Dec. 12 Dec. 14 8 Dec. 20 888 Dec. 31 o Dec. 31 Balances