FIFO Perpetual Inventory

Show Me How Print item 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 Number Date Transaction of Units Per Unt Total Apr. 3 Inventory $300 $21,60 72 144 96 60 120 Purchase 360 ,000 1,000 400 1,000 1,000 $1,840 96,000 60,000 8,000 72,000 6,000 52,800 75,600 00,800 103,680 113,400 11 Sale 30 Sale May B Purchase 0 Sale 9 Sale 36 120 72 Purchase une 5 Sale 1,050 1,050 6 Sale 21 Purchase 28 Sale 216 1,050 Required: t. Record the inventory, purchases, and cost of merchandise sold dats in a perpetual inventory recond similar to the one Mustrated in Exhitbe 3, using the first-in, frst-out method, Under FIFO. units are in inventory st two arrerent costs, enter the units with the LOWER unit pat nnt i the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Dunne Co. Schedule of Cest of Goods Sold