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 54 $ 375 Inventory Purchase $ 20,250 48,600 8 108 450 11 Sale 72 1,250 90,000 30 Sale 45 1,250 56,250 May 8 Purchase 90 500 54 1,250 10 Sale 19 Sale 45,000 67,500 33,750 27 1,250 28 Purchase 90 550 49,500 June 5 Sale 54 16 Sale 72 1,315 1,315 600 71,010 94,680 97,200 106,515 21 162 Purchase Sale 28 81 1,315 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 LO unit cost first in the Inventory Unit Cost column Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Apr. 3 54 54 Apr. 8 108 450 48,600 108 Apr. 11 72 72 X Apr. 30 May - 1 May 10 May 19 May 28 - - - June 5 Sunes Sune 16 June 21 - Sune 20 Ne 30 Balances for the period Quantity Total COST Unit COST 54 375 $ 20,250 54 375 20,250 108 450 48,600 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