nentSessionLocatore inprogress=false Show Me How Calculator Dec 31 36 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 ustrated in hit 3. Under Firo, 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 Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory Date Quantity Unit Cost Total cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Dec. 1 Dec 10 3 2.530 Dec. 14 402,376 Dec. Ji Dec. 31 Balances Oh My Work Previous Next > Save and Ext Submit Assignment for Grading nentSessionLocatore inprogress=false Show Me How Calculator Dec 31 36 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 ustrated in hit 3. Under Firo, 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 Cost of Cost of Cost of Purchases Purchases Purchases Goods Sold Goods Sold Goods Sold Inventory Inventory Inventory Date Quantity Unit Cost Total cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Dec. 1 Dec 10 3 2.530 Dec. 14 402,376 Dec. Ji Dec. 31 Balances Oh My Work Previous Next > Save and Ext Submit Assignment for Grading