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 36 $300 $10,800 8 Purchase 72 360 25,920 11 Sale 48 1,000 48,000 30 Sale 30 1,000 30,000 May 8 Purchase 60 400 24,000 10 Sale 36 1,000 36,000 19 Sale 18 1,000 18,000 28 Purchase 60 440 26,400 June 5 Sale 36 1,050 37,800 50,400 16 Sale 48 1,050 21 Purchase 108 480 51,840 28 Sale 54 1,050 56,700 Required: 1. Record the entory, purchases and cost of goods to perpetual inventory recordar to the one thing the last method Under , unity were content with the HIGHER Units in the cost of Good Son Cost column and LOWER Costin the Story Unt Cost column Dunne Co Schedule of Cost of Good Sold LIFO Method For the Three Months Ended Sun 30 Purchase Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cout Total Coat Quantity Unit Cout Total Cost Apra 1 |Apr 30 May I May 10 TO 10 May 19 1 May 20 1 1 June I - May 1 I May 10 1 I 10 II May 19 May 20 I - I 1 1 Sunn -- I Se 16 June 21 June an June 30 (selancon 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period Total cost of goods sold Gross profit from se 3. Determine the ending inventory costs of June 30