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ntory

$1120$ units at $$31$

chases

$1060$ units at $$33$

$2054$ units at $$35$

$=1284$ units

$1472$ units

$3136$ units Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Ufit Cost column and in the Inventory Unit Cost column.

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

ec$.1$

ec$.10$

ec$.12$

ec$.14$

Jec. $20$

Dec. $31$

Dec. $31$ Balances

$5$ more Check My Work uses remaining.

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