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: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 84 $525 $44,100 8 Purchase 168 630 105,840 11 Sale 112 1,750 196,000 30 Sale 70 1,750 122,500 May 8 Purchase 140 700 98,000 10 Sale 84 1,750 147,000 19 Sale 42 1,750 73,500 28 Purchase 140 770 107,800 June 5 Sale 84 1,840 154,560 16 Sale 112 1,840 206,080 21 Purchase 252 840 211,680 28 Sale 126 1,840 231,840 Required