FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30, 2016, are as follo Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 25 $1,200 1,240 8 Purchase 75 $30,000 93,000 80,000 11 Sale 40 2,000 2,000 30 Sale 30 May 8 Purchase 60 10 Sale SO 1,260 2,000 2,000 1,260 19 Sale 20 28 Purchase 80 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 June S Sale 40 2,250 2,250 25 16 Sale 21 Purchase 35 1,264 2,250 28 Sale 44 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in chibit , using the Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Merchandise Sold Unit Cost columna Cost column