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Michigan State Uni... M3 Homework eBook Calculator Periodic Inventory by Three Methods The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit 25 Apr. 3 Inventory 8 Purchase 75 11 Sale 40 30 Sale 30 $1,200 1,240 2,000 2,000 1,260 2,000 2,000 May 8 Purchase 60 10 Sale 50 Total $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 19 Sale 20 28 Purchase 80 June 5 Sale 40 1,260 2,250 2,250 1,264 16 Sale 25 21 Purchase 35 44 28 Sale 2.250 Dentired Required: 1. Determine the inventory on June 30 and the cost of goods sold for the three month period, using the first in, first-out method and the periodic inventory system. Round the weighted average unit cost to the nearest cent Inventory, June 30 Cost of goods sold 2. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system Inventory, June 30 Cost of goods sold 3. Determine the inventory on June 30 and the cost of goods sold for the three month period, using the weighted average cost method and the periodic inventory system Note: Round the weghted average unit cost to the nearest dolar and final answers to the nearest do Inventory.une 30 Cost of otsid 4. Compare the group and June 30 inventoring the forcolumn hings Entert poive rumbers FIFO LIFO Weighted Average Sales + Cost of goods sold Gross proft Inventory, June 30 Previous Required 1. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, June 30 Cost of goods sold 2. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, June 30 Cost of goods sold 3. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Note: Round the weighted average unit cost to the nearest dollar and final answers to the nearest dollar Inventory, June 30 Cost of goods sold 4. Compare the gross profit and June 30 inventories using the following column headings. Enter all amounts as positive numbers. FIFO LIFO Weighted Average Sales Cost of goods sold Gross profit Inventory, June 30