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 Unit Total Apr. 3 Inventory 66 $150 $9,900 8 Purchase 132 180 23,760 11 Sale 88 500 44,000 30 Sale 55 500 27,500 May 8 Purchase 110 200 22,000 10 Sale 99 66 500 33,000 19 Sale 33 500 16,500 28 Purchase 110 220 24,200 June 5 Sale 66 525 34,650 16 Sale 88 525 46,200 21 Purchase 198 240 47,520 28 Sale 99 525 51,975 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, 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 first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.