Dunne Co. Schedule of Cost of Goods Solit FIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory 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 Unit Cost Apr. 30 May87040028,000 May 10 May 19 May 287044030,800 \begin{tabular}{|c|c|c|c|c|} \hline 35 & & 360 & & 12,600 \\ \hline 7 & & 400 & & 2,800 \\ \hline 21 & & 400 & & 8,400 \\ \hline \end{tabular} June 5 \begin{tabular}{|c|c|c|c|c|} \hline 42 & & 400 & & 12,600 \\ \hline 56 & & 440 & & 24,640 \\ \hline \end{tabular} June 16 June 2112648060,480