Learning Objective $2$

Learning Objective $3$

Beginning inventory, purcnases, and sales data for prepaid cell phones for May are as follows:

$\backslash$table$[[$Inventory$,$Purchases,Sales$],[$May $1,1,300$ units at $$21,$May $10,650$ units at $$23,$May $12,910$ units$],[,,20,585$ units at $$25,14,780$ units$],[,,,31,390$ units,$]]$

Schedule of Cost of Merchandise Sold

FIFO Method

Prepaid Cell Phones