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 Transaction Number of Units Per Unit Total Apr. 3 Inventory 72 $600 $43,200 8 Purchase 144 720 103,680 11 Sale 96 2,000 192,000 30 Sale 60 2,000 120,000 May 8 Purchase 120 800 96,000 10 Sale 72 2,000 144,000 19 Sale 36 2,000 72,000 28 Purchase 120 880 105,600 June 5 Sale 72 2,100 151,200 16 Sale 96 2,100 201,600 21 Purchase 216 960 207,360 28 Sale 108 2,100 226,800 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Ex 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 the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Apr. 3 Apr. 81 144 720 103,680 Apr. 11 Apr. 30 May 8 120 800 96,000 May 10 May 19 May 28 120 880 105,600 June 5