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: Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 \begin{tabular}{cccc} \hline & Purchases Quantity & Purchases Unit Cost & Purchases Total Cost \\ \hline Date & Qu & \end{tabular} Apr. 11 Apr. 30 May 10 June 5 June 28 June 30 Balances 3. Determine the gross profit from sales for the period. $ 4. Determine the ending inventory cost as of June 30 . $ 5. Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower