Cost per Inventory Quantity 15 Market Value per Unit (Net Realizable Value) Product Unit Model A $230 $239 Model B 23 86 96 Model C 45 141 160 Model D 49 71 65 Model E 13 195 208 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9. Inventory at the Lower of Cost or Market Product Total Cost Total Market Lower of Total Cost or Total Market A B D E Total Perpetual inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Apr. 3 66 $525 Inventory Purchase 8 132 630 $34,650 83,160 154,000 11 Sale 88 1,750 1,750 30 Sale 55 96,250 May 8 Purchase 110 700 77,000 10 Sale 66 1,750 115,500 19 Sale 33 1,750 57,750 28 Purchase 110 770 84,700 June 5 Sale 66 1,840 121,440 16 Sale 88 1,840 161,920 21 Purchase 198 840 166,320 28 Sale 99 1,840 182,160 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one Illustrated in Exhibit 3, 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. Schedule of Cont of Good Sold LIFO Method For the Three Month Ende June 30 Cost of Goode Sold Quantity Unit Cost Total Cost Purchases Date Quantity Unit Coat Total Cost Inventory Unit Cost Quantity Total Cont Apr. 3 Anr. 8 - Apr. 11 11 Apr. 30 Maya May 10 May 10 II May 19 May 28 - June 5 Dune 16 June 21 I 1 Sune 21 June 21 June 78 une 30 Balance 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit from sales 3. Determine the ending inventory costs of June 30