FifO perpetual inventory The beginning inventory ot Dunne Co, and data on purchases and sales for a three-month period ending June 30 are as follows: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one iltustrated in Exhibit 3, using the firs are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory U