LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Apr. 3 $ 16,200 Inventory Purchase $ 450 540 11 Sale Sale 30 May & 10 Purchase Sale 1,500 1,500 600 1,500 1,500 19 28 Sale Purchase 38,880 72,000 45,000 36,000 54,000 27,000 39,600 56,700 75,600 77,760 85,050 June 5 16 Sale Sale 21 28 Purchase Sale Required: 1. Record the inventory. purchases, and cost of goods sold data in a perpetual inventory record similar to the one strated in Exhibit 4, using the last-in, irst-out method. Under LIFO, if units are inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Show Me On BOOK Required Calculator Pertem 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record a r to the one illustrated in Exhi .using the last-in, first-out method. under LIFO, units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the cost of Goods Sold Unt Cost column and LOWER cost first in the Inventory Unit Cost Dunne Co. Schedule of Cost of Goods Sold UFO Method For the Three Months Ended June 30 Cost of Goods Sold Purchases Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Apr. 3 Apr. 8 Apr. 11 Apr. 30 May 8 May 10 Check My Won Previous Next > All work. reto Sur Agend for Grading 954 eBook Show Me How Calculator Prem May 19 May 28 June 21 Dune 28 June 30 Balances 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 June 21 June 28 June 30 Balances 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 from sales 3. Determine the ending inventory cost on June 30. Check My Work Email Ins All work saved