eBook Show Me How Printem Inventory Purchases Sales Dec. 1 3,200 units at $39 Dec. 12 2,240 units Dec 10 Dec. 20 1,600 units at $41 1,440 units at $43 Dec. 14 1,920 units Dec 31 960 units 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, If 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 Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Date Dec. 1 Dec. 10 Dec 12 58 10 m Dec. 14 Dec. 20 Dec. 31 10 Dec 31 Balances Check My Work 4 more Check My Work uses remaining Next