FIFO Perpetual Inventory

The beginning inventory of merchandise at Rhodes 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