LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 54 $ 450 $ 24,300 8 Purchase 108 540 58,320 11 Sale 72 1,500 108,000 30 Sale 45 1,500 67,500 May 8 Purchase 90 600 54,000 10 Sale 54 1,500 81,000 19 Sale 27 1,500 40,500 28 Purchase 90 660 59,400 June 5 Sale 54 1,575 85,050 16 Sale 72 1,575 113,400 21 Purchase 162 720 28 Sale 81 1.575 116,640 127,575 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 units are in 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. Dunne Co. Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apr. 3 $ $ Apr. 8 Apr. 11 $