Show Me How Beginning Inventory, purchases, and sales data for prepaid cell phones for December are as follows Sales 2,000 units at $33Dec. 122,800 units 1,800 units at $35 Dec. 14 2,400 units Dec. 31 1,200 units Dec. 1 4,000 units at $31Dec. 10 Dec. 20 a. Assuming that the perpetual Inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, it 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 LIFO Method Prepaid Cell Phones Cost of Goods Sold Unit Cost of Goods Sold Total Inventory Inventory Unit Inventory Total Purchases Unit Cost Purchases Total DatePurchase Dec. 1 Dec 12 Dec. . | .lqu 31 Dec Balances Next Check My Work All work saved. Save and Exit Submit for Grading