LGO LANKSHEETAL... 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: 2 Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 40 $670 $26,000 LGO B Purchase 120 690 82,800 11 Sale 60 1,120 67,200 30 Sale 50 1,120 56,000 GO May & Purchase 100 700 70,000 10 Sale 00 1,120 89,600 19 Sale 30 1.120 33,600 20 Purchase 120 707 84,840 June 5 Sale 60 1,260 75,600 16 Sale 40 1,260 50,400 21 Purchase 100 712 120,160 20 Sale 190 1,260 239,400 Required: 1. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.