Assignment G-Homework ebook SON HOW $225 144 750 The beginning inventory at Dunne Co, and data on purchases and sales for a three-month period ending Sune 30 are as follows: Number Date Transaction of Units Per Unit Total Ape Inventory 72 $16,200 Purchase 270 38,050 11 96 750 72,000 30 60 45,000 May B Purchase 120 300 36,000 10 Sale 72 54,000 19 36 750 27,000 28 Purchase 120 39,600 June 5 Sale 72 790 56,830 16 Sale 90 790 75,640 21 Purchase 216 360 28 Sale 100 85,320 750 310 790 Required: 1. Record the inventory, purchases, and cost of merchandise sold data is a perpetual inventory record similar to the one illustrated in Exhibit , using the first in, first-out method Under at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the inventory Unt Cost column Donne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost gnment G-Homework eBook Show Me How Print Item Date Quantity Unit Cost Total Cost Total Cost Quantity Unit Cost Unit Cost Quantity Total Cost Apr 3 Ar. B Apr 11 Apr. 30 May 8 - - May 10 May 19 May 28 June 5 June 16 June 21 June 28 Check My Work O nomework | eBook Show to How Printem May 28 Il - lune 5 June 16 June 21 June 21 June 30 Balances 2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts Astume that all sales were on account. If an amount box dow an entry leave blank Record Record cost 3. Determine the grous prout from sales for the period 4. Determine the ending inventory cost as of June 30 5. Based upon the preceding data, would you expect the ending inventory using the tout method to be where we? Check My Wor Previous