complete the chart attached is chart 4

2. determine the total sales the total of merchandise sold, and the gross profit from sales for the period.

The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending Junie 30 are as follows: 1. Rocord the inventory, purchases, and cost of merchandise 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, cnter the units with the HIGHER anit cost first in the cost of Merchandise Soid Unit cost column and LOWER unit cost first in the Inventory Unit Cost column