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LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Total Date
LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Total Date Transaction of Units Per Unit $22,500 Apr. 3 Inventory 60 $375 8 Purchase 120 450 54,000 100,000 11 Sale 80 1,250 30 Sale 50 1,250 62,500 May 8 Purchase 100 500 50,000 10 Sale 60 1,250 75,000 Sale 1,250 19 30 37,500 28 Purchase 100 550 55,000 78,900 June 5 Sale 60 1,315 16 Sale 80 1,315 105,200 21 Purchase 180 600 108,000 1,315 28 Sale 90 118,350 Required: LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Total Date Transaction of Units Per Unit $22,500 Apr. 3 Inventory 60 $375 8 Purchase 120 450 54,000 100,000 11 Sale 80 1,250 30 Sale 50 1,250 62,500 May 8 Purchase 100 500 50,000 10 Sale 60 1,250 75,000 Sale 1,250 19 30 37,500 28 Purchase 100 550 55,000 78,900 June 5 Sale 60 1,315 16 Sale 80 1,315 105,200 21 Purchase 180 600 108,000 1,315 28 Sale 90 118,350 Required
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