Question: Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Date Units and Cost Dec.

Perpetual inventory using LIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory
Date Units and Cost
Dec. 11,600 units at $35
Purchases
Date Units and Cost
Dec. 10800 units at $37
20720 units at $39
Sales
Date Units
Dec. 121,120 units
14960 units
31480 units

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