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Lifo Perpetual Inventory Show Me How Print Item The beginning inventory of merchandise at Dunne Co, and data on purchases and sales for a three-month
Lifo Perpetual Inventory
Show Me How Print Item The beginning inventory of merchandise at Dunne Co, and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Per Unit of Units of Units Apr. 3 Inventory 66 $150 $9,900 180 23,760 500 44,000 500 27,500 22,000 500 33,000 16,500 220 24,200 525 34,650 525 46,200 240 47,520 525 51,975 8 Purchase 11 Sale 30 Sale 132 May 8 Purchase 110 200 10 Sale 19 Sale 28 Purchase 500 110 June 5 Sale 16 Sale 21 Purchase 28 Sale 198 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method Check y Work2 more Check My Work uses remaining Save and Exit Submit All work savedStep by Step Solution
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