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3. Determine the ending inventory cost on June 30 Perpetual Inventory LIFO The beginning inventory at Dunne Co. and data on purchases and sales for

image text in transcribedimage text in transcribed 3. Determine the ending inventory cost on June 30

Perpetual Inventory LIFO The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: $ 13,500 Date Apr. 3 8 11 30 May 8 10 19 28 June 5 16 21 28 Transaction Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase Sale Number of Units 90 180 121 76 150 90 45 150 90 120 270 135 Per Unit $ 150 180 500 500 200 500 500 220 525 525 240 525 Total 32,400 60,500 38,000 30,000 45,000 22,500 33,000 47,250 63,000 64,800 70,875

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