LIFO perpetual inventory The beginning Inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction. Number of Units Per Unit Total Apr. 3 Inventory 8 Purchase 84 $600 $50,400 168 720 120,960 11 Sale 113 2,000 226,000 30 Sale 71 2,000 142,000 May 8 Purchase 140 800 112,000 10 Sale 84 2,000 168,000 19 Sale 42 2,000 84,000 28 Purchase 140 880 123,200 June 5 Sale 84 2,100 176,400 16 Sale 112 2,100 235,200 21 Purchase 252 960 241,920 28 Sale 126 2,100 264,600 Required: 1. Record the Inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if column. Dunne Co. Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended June 30 Purchases Purchases Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Apr. 3 Apr. 8 Apr. 11 Apr. 30 May 8 May 10 May 19 Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Inventory Total Cost Quantity Unit Cost | | || | | | 10 1 | | || 1 Inven Total June 16 June 21 June 28. June 30 Balances 0 000 0000 000 * 1 000 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold Gross profit 3. Determine the ending inventory cost on June 30