Perpetual Invertory Using Fo Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows Inventory Dec. 1 420 $26 Purchases Dec. 10 Sales Dec. 20 210528 189 units at $30 DC12 Dec. 14 294 units 126 units Assume that the business maintains a perpetual inventory entem, costing by the first-in, first out method. Determine the cost of goods wild for each sale and the inventory balance after each sale, presenting the data in the form thustrated in Dhibit 3. Under 10, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cast of Goods Sold Unit Cost column and in the Inventory Unit Cost colum Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Cost of bate Dec. 1 Purchases Purchases Purchases Goods Sold Quantity Unit Cost Total Cost Quantity Dec 10 Dec. 12 DHL. 14 20 Dec. 31 Dec 21 Balancas Cost of Cost of Goods Sold Goods Sold Inventory Inventory Inventory it Cost Total Cost Quantity Unit Cost Total Cost 00000 II 0 000