eBook Show Me How Calculator 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: Date Number of Units Transaction Inventory Purchase Sale Apr. 3 8 11 Per Unit $375 450 Total $29,250 1,250 30 Sale 1,250 500 May 8 10 19 Purchase Sale Sale 1,250 70,200 130,000 81,250 65,000 97,500 48,750 71,500 102,570 136,760 1,250 550 28 Purchase 130 June 5 Sale 1,315 16 Sale 234 21 28 Required: 140,400 1,315 600 1,315 Purchase Sale 117 153,855 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrat 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 Dunne Co