May 12 Hay May 20 Perpetual Inventory Using LIFO Beging inventory, purchases, and sales data for prepaid call phones for May area f Inventory Purchases Sales May 1 2.600 units at $37 May 10 May 20 1,300 units 39 May 12 1820 1,170 41 May 14 1,560 units May 31 760 Ubservation DEFINE Best Buy Official Assuming that the perpetual inventory system is used costing by the LITO method, detare the cost of d inventory at two different cos, enter the units with the HIGHER un cord in the Cast of Mondhand Si Un Cisten LOWER in entry Cas edule of Cast of Her LIFO Method Prepaid Call Phone Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cest of Merchandise Sold Unit Cost Cast of Merchandise Sold Total Cost ventory Quently try Underry Tatal Cont May 1 May 10 0 May 11 Sale 0000 D