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 66 $375 $24,750 8 Purchase 132 450 59,400 11 Sale 88 1,250 110,000 30 Sale 55 1,250 68,750 May 8 Purchase 110 500 55,000 10 Sale 66 1,250 82,500 19 Sale 33 1,250 41,250 28 Purchase 1 10 550 60,500 June 5 Sale 66 1,315 86,790 16 Sale 88 1,315 115,720 21 Purchase 198 600 118,800 28 Sale 99 1,315 130,185 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, 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