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 84 $300 $25,200 B Purchase 168 360 60,480 11 Sale 112 1,000 112,000 30 Sale 70 1,000 70,000 May B Purchase 140 400 56,000 10 Sale 84 1,000 84,000 19 Sale 42 1,000 42,000 2B Purchase 140 440 61,600 June 5 Sale 84 1,050 88,200 16 Sale 112 1,050 117,600 21 Purchase 252 480 120,960 28 Sale 126 1,050 132,300 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, un 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 Costco Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold TOP na Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Total Cost Purchases Date Quantity Unit Cost Total Cost Inventory Unit Cost Quantity Total Cost Apr. 3 |Apr. Apr. 11 Apr. 30 May 8 May 10 May 19 May 28 Junes June 16 Time Remaining: 125:45 MacBook Air May 8 - May 10 May 19 May 28 Sunes June 10 Sune 21 June 26 June 30 Bacances 2. Determine the total sales and the total cost of goods sold for the period: Journal the entries in the sales and cost of goods sold counts some that all sales were on two an entry leave it tak Record sale Record cost 3. Determine the groasprotnom sales for the period Sutern Ime Remaining 12033 MacBook Air