LIFO Method Prepaid Cell Phones Cost of Cost of Quantity Goods Sold Goods Sold Sold Unit Cost Total Cost Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Inventory Quantity Unit Cost Inventory Total Cost Date Dec. 1 2.100 34 71.400 Dec. 10 1,050 36 37,800 2,100 347 71.400 1,050 16 37.800 Dec. 12 1.050 36 37.800 1.680 34 57,120 420 34 14.280 Dec. 14 1.260 42,840 420 34 14.NO Dec, 20 945 38 35,910 420 34 14.20 945 38 35,9107 630 38 Dec. 31 23.940 420 34 14.20 38 Dec. 31 Balances 118.860