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Please fill in all blanks. Thank you. Assignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator Sinprogress-false Perpetual Inventory Using UFO Beginning inventory. purchases, and sales data for prepaid cell phones for

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Assignment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator Sinprogress-false Perpetual Inventory Using UFO Beginning inventory. purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases Sales May 1 3,300 units at $28 May 10 1,650 units at $30 1,485 units at $32 May 12 May 14 May 31 2,310 units 1,980 units May 20 990 units a. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form ustrated in Exhibit 4. Under LIFO, If units are in inventory at two different costs, enter the units with the HIGHER unit costs in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column, Schedule of Cost of Merchandise Sold LIFO Method Prepaid Cell Phones Quantity Purchases Purchases Quantity Cost of Cost of Merchandise Inventory Inventory Inventory Date Purchased Unit Cost Merchandise Sold Total Cost Sold Sold Total Cost Quantity Unit Cost Total Cost Unit Cost May 1 May 10 May 12 Next OW 96 5 9 0 e u O d g h b n E

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