genow.com/itm/takeAssignment/takeAssignmentMain.do?invokerStake AssignmentSessionLocatore&inprogress. * Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec, 1 220 units at $32 Dec. 10 Dec. 12 154 units 110 units at $34 99 units at $36 Dec. 20 Dec, 14 132 units Dec. 31 66 units Assume that the business maintains a perpetual inventory system, costing by the first-In, first-out 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 . Under Fifo, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Purchases Purchases Purchases Cost of Goods Cost of Goods Cost of Goods Inventory Inventory Inventory Date Quantity Unit Cost Total Cost Sold Quantity Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost Dec 1 Dec 10 Dec. 12 Check My Work Previous Next All work saved Emolins Save and Et Submit Assignment for Grading 2:05 AM > 0 ENG 11/16/2000 o gagenow.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress. * SCRIE O COSCOT GO 500 FIFO Method Prepaid Cell Phones Purchases Purchases Purchases Date Cost of Goods Cost of Goods Cost of Goods Inventory Inventory Quantity Unit Cost Total Cost Sold Quantity Sold Unit Cost Sold Total Cost Quantity Unit Cost Dec. 1 Dec 10 Inventory Total Cost Dec. 12 Dec, 14 IDIDII DODO H0 0000 000 DO Dec. 20 Dec 31 Dec. 31 Balances Check My Work Previous Next > All Work saved. Emainstructor Save and Exit Submit Assignment for Grading o A) ENG 2:06 AM 11/16/2020 genow.com/itm/takeAssignment/takeAssignmentMain.do?invokerStake AssignmentSessionLocatore&inprogress. * Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows: Inventory Purchases Sales Dec, 1 220 units at $32 Dec. 10 Dec. 12 154 units 110 units at $34 99 units at $36 Dec. 20 Dec, 14 132 units Dec. 31 66 units Assume that the business maintains a perpetual inventory system, costing by the first-In, first-out 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 . Under Fifo, If units are in Inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Schedule of Cost of Goods Sold FIFO Method Prepaid Cell Phones Purchases Purchases Purchases Cost of Goods Cost of Goods Cost of Goods Inventory Inventory Inventory Date Quantity Unit Cost Total Cost Sold Quantity Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost Dec 1 Dec 10 Dec. 12 Check My Work Previous Next All work saved Emolins Save and Et Submit Assignment for Grading 2:05 AM > 0 ENG 11/16/2000 o gagenow.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress. * SCRIE O COSCOT GO 500 FIFO Method Prepaid Cell Phones Purchases Purchases Purchases Date Cost of Goods Cost of Goods Cost of Goods Inventory Inventory Quantity Unit Cost Total Cost Sold Quantity Sold Unit Cost Sold Total Cost Quantity Unit Cost Dec. 1 Dec 10 Inventory Total Cost Dec. 12 Dec, 14 IDIDII DODO H0 0000 000 DO Dec. 20 Dec 31 Dec. 31 Balances Check My Work Previous Next > All Work saved. Emainstructor Save and Exit Submit Assignment for Grading o A) ENG 2:06 AM 11/16/2020