Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:

Inventory Purchases May 20 May 14 1,740 units May 31 870 units in Exhibit 3. under FIFO, it units sre in im entory at two different osts, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold unit Cost column and in the Inventory unit Cost column FIFO Method Merchands May 10 May 20