Perpetual Inventory Using Loro Beginning inventory, purchases and sales data for prepaid cellphones for December as follows Inventory Purchases Dec. 1 4.000 a $32 Dec 10 2.000 34 Dec. 12 2.809 Dec. 20 1.800 a $35 Dec 14 2.400 Dec. 31 L200 units a. Ansuring that the perpetua inventory system is dating by the LIFO method is the good old for each sale and the water balance each ale presenting the data in the form strated in B 4. Under LIFO. funits are inventory at the different center the the HIGHER.confine the of Gods sold unit Costco and LOWER nicoties the very Unit Cost calon Schedule of Cost of Goods Sold LIFO Method Prepaid Cell Phones Cest of Cost of Quantity Purchases Purchases Quantity Goods Coods Sold me Into tevetery Date Purchased Unit Cost Total Cost Seld Unit Cost Total Cost Quantity Cost Total Cost Dec 1 Dec. 10 Dec 14 Det: 20 a. Awwing that the perpetual inventory wyse dating by the UFO the determine e cost of goods sold for each sale and the intery balance after each ale presenting the data in the form Austrated in the 4. Under uro, funts are inventory at two different center the units with the HIGHER un cost first in the cost of Goods Sold Unit Cost command LOWER Ut cost first in the Inventory Unit Cost com. Schedule of Cost of God se LO Method Prepaid Cell Phones Cost of Cast of Quantity Purchases Purchases Quantity Coodie Sold Goods Sold Inventory Inventory Inventory Date Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity toit Cost Total Cast Dec. 1 Dec 10 Dec 12 Dec. 20 Dec 31 De 31 Balance