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 of Units Date Transaction Per Unit $1,200 1.240 2,000 Total $30,000 93,000 80,000 60.000 Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase Dune 5 Sale 2.250 16 Sale 2.250 21 Purchase 28 Sale 1,254 2.250