FIFO perpetual inventory Chart of Accounts Journal Final Questions Instructions The beginning inventory at Funky Party supplies and data on purchases and sales for a three-month period ending March 31, 2016, are as follows: Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 2,700 $50.00 $135,000 10 Purchase 7,300 58.00 423,400 100.00 28 Sale 4,050 405,000 100.00 120,000 30 Sale 1,200 100.000 50,000 500 5 Sale Feb. 60.00 1,020,000 17,000 10 Purchase 105.00 966,000 9,200 16 Sale 840,000 105.00 8,000 28 Sale 61.60 880,880 14,300 5 Purchase Mar. 105.00 1,081,500 10,300 14 Sale 62.00 198,400 3,200 25 Purchase 105.00 840,000 8,000 30 Sale