Perpetual Inventory Using LIFO

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

$\backslash$table$[[$Inventory$,,$Purchases,Sales$],[$May $1,1,550$ units at $$44,$May $10,720$ units at $$45,$May $12,1,200$ units$],[,,20,1,200$ units at $$48,14,830$ units$],[,,,31,1,000$ units,$]]$

column.

Schedule of Cost of Merchandise Sold

LIFO Method

Prepaid Cell Phones