Assignment/takeAssignment Main.do?invoker=&takeAssignmentSession Sinprogress=false * BIO eBook Show Me How LIFO Perpetual Inventory Calculator The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 1,240 93,000 11 Sale 2,000 80,000 30 Sale 2,000 60,000 May 8 Purchase 1,260 75,600 10 Sale 2,000 100,000 19 Sale 2,000 40,000 28 Purchase 1,260 200,000 June 5 Sale 2,250 90,000 16 Sale 2,250 56,250 21 Purchase 1,264 44,240 28 Sale 2,250 99.000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last- in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Previous Next > Check My Work 5.00 PM