IFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co. and date on purchases and sales for a three-month period ending June 30 are as follows: Number Date Transaction Per Unit Total of Units Apr. 3 Inventory 72 $450 $32,400 0 Purchase 144 540 77,760 11 Sale 96 1,500 144,000 30 Sale 60 1,500 90,000 May 8 Purchase 120 600 72,000 10 Sale 72 1,500 108,000 19 Sale 36 1,500 $4,000 20 Purchase 120 660 79,200 June 5 Sale 72 1,575 113,400 16 Sale 56 1.575 151,200 21 Purchase 216 720 155,520 28 Sale 108 1,575 170,100