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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:

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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 UnitsPer Unit Date Total Apr. 3 Inventory $150 $9,000 18021,600 40,000 25,000 20,000 30,000 15,000 22,000 31,500 8 Purchase 11 Sale 30 Sale 120 May 8 Purchase 100 200 10 Sale 19 Sale 28 Purchase 100 June S Sale 16 Sale 21 Purchase 28 Sale 525 240 525 180 43,200 47,250 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated 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 Goo 2 more Check My Work uses remaining For the 30 Unit Cost Unit Cost 150 120 120 150 100 220 150 100 220 June 21 180 90 2. 3. Previous

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