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 Per Unit Total Apr. 3 Transaction Inventory Purchase 36 $21,600 $600 720 8 72 11 Sale 48 2,000 51,840 96,000 60,000 30 30 Sale May 8 Purchase 2,000 800 60 48,000 72,000 10 Sale 36 2,000 2,000 19 Sale 18 36,000 28 60 880 Purchase Sale June 5 36 2,100 16 Sale 48 2,100 52,800 75,600 100,800 103,680 113,400 21 Purchase 108 960 28 Sale 54 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 LIFO Method For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Total Cost Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Ape 3 Apr. 8 Adr. 11 - ID Apr. 30 May 8 - May 10 110 May 19 1 May 28 une 5 une 5 une 16 Une 21 une 28 June 30 Balances 1 . 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 as of June 30