Perpetual Story Uung Pro Beginning wentary, purchases, and sales date for prepaid cell phones for May are as follows: Inventory Purchases Sales Mayt 1.100 31 May 10 900 units at $35 May 121.260 unts 20 10 units 535 14 1.0 unts 1 0 HIM Atume that the hou mantara perpetual eventory.com by eest Pest-out med. Determine the cost of merchandise sold for each sale and the inventory balance ater each sale, presenting the dots in the formate in Urdu, ints are inventory at two different counter the une with the LOWER unit at the the cost of Merchandise Sald Unit Cont column and in the Inventory NEC Schedule of Cost of Merchandise Sold FIFO Method Prepaid Cell Phones Cost of Costot Cast of Merchandise Merchandise Merchandise Purchase Purchases Quantity Une Sold Tots Sold Inventory Sold Tnventory Date Quantity Inventory Purchased Unit Cost Unit Cost Total Total Cost Cost Quantity Cost May 1 21 M10 27 May 12 May 16 OWCW Schedule of Cost of Merchandise Sold FIFO Method Prepaid Cell Phones Cost of Cost of Cost of Merchandise Merchandise Merchandise Purchases Sold Sold Sold Total Quantity Unit Cost Cost Total Cost Quantity Purchased Purchases Unit Cost Date May 1 Inventory Quantity 1,00 Inventory Unit Cost I Inventory Total Cost 5.00 May 10 710 13 20,700 1.800 JI 55,800 May 12 900 30 X 31 May 14 May 20 KIO 35 2 May 31 E 1 111 11 lll May 31 Balances ure that these the perpetua invertory system FIFO means that the first units purchased are assumed to be the first to be sold. Therefore, ending inventory purchases Cody Wormo Check My Wortmann Aalana