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LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month penod are as follows Number Date Transaction

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LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month penod are as follows Number Date Transaction of Units Per Unit Total Apr. 3 Inventory $150 58,100 8 Purchase 108 180 19,440 11 Sale 72 500 36,000 30 Sale 45 500 22,500 May 8 Purchase 90 200 18,000 10 Sale 54 500 27,000 19 Sale 27 500 13,500 28 Purchase 90 220 19,800 June 5 Sale 54 525 28,350 16 Sale 72 525 37.800 21 Purchase 162 240 38,880 26 Sale 81 525 42,525 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit , using the last, fost cut method. Unde uro, 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 costs in the Inventory Unit Cost column, Dirtune Co., Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended bane 30 Cost of Goods Sold Quantity Unit Cost Total Cost Purchases Date Quantity Unit Cout Total Cost Quantity Total Apr Apr. r. 11 pr. 30 May May 10 May 19 Next pr. 30 ay 8 Hay 10 lay 19 Lay 28 une 5 une 16 We how Fay 28 une 5 e 16 une 21 une 30 Balances Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period ptal sales otal cost of goods sold ross profit from sales Determine the ending inventory cost as of June 30

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