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 Inventory 60 $600 120 720 8 11 30 Purchase Sale Sale 80 2,000 50 2,000 $36,000 86,400 160,000 100,000 80,000 120,000 60,000 88,000 May 8 Purchase 100 800 2,000 10 19 Sale Sale 30 2,000 28 Purchase 100 880 June 5 Sale 60 2,100 126,000 16 Sale 80 2,100 168,000 180 960 21 28 Purchase Sale 172,800 189,000 90 2,100 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. Purchases Unit Cost Quantity Cost of Goods Sold Unit Cost Date Quantity Total Cost Quantity Total Cost Tota Apr Inventory Unit Cost $ 600 600 Quantity 60 60 120 Apr. 3 Apr. 8 120 720 $ 86,400 7 20 Apr. 11 80 2,000 $ 160,000 50 Apr. 30 May 10 T May 19 May 28 June 5 June 16 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 A Total cost of goods sold " Gross profit from sales " 3. Determine the ending inventory cost as of June 30. $