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 Per Unit Total Date Transaction Apr. 3 Inventory B Purchase 25 75 $1,200 1,240 2,000 2,000 11 Sale 40 30 30 Sale May 8 Purchase 10 Sale 60 1,260 2,000 50 $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 19 Sale 20 2,000 28 Purchase 80 June 5 Sale 40 16 Sale 25 1,260 2.250 2,250 1,264 2,250 35 21 Purchase 28 Sale 44 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibiting the first in, fr-cut 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 Color Schedule of Contol Goods Sold Previous Check My Work 2 more Check My Works remaining 1 eBook Show Me How 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in that using the first in, forst-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 clumn. Durune Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ende June 30 Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apra Apr.