LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows Number Date Transaction of Units Per Unit Total 78 156 105 $600 720 2,000 2,000 800 2,000 2,000 880 2,100 2,100 960 2,100 Apr. 3 Inventory $46,800 112,320 210,000 132,000 104,000 156,000 78,000 114,400 163,800 218,400 224,640 245,700 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 130 78 39 130 78 104 234 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 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