LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows Number Per Date Transaction of Units Unit Total Apr. Inventory 60 $150 $9,000 8 Purchase 11 Sale 30 Sale 120 180 21,600 80500 40,000 50 500 25,000 100200 20,000 May Purchase 8 10 Sale 19 Sale 28 Purchase 60 500 30,000 30 500 15,000 100 220 22,000 60 525 31,500 une Sale 16 Sale 21 Purchase 28 Sale 80525 42,000 180 240 43,200 90 525 47,250 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 Dunne Co Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 60150$9,000 601509,000 8021,60 601509,000 120 180 21,60 120 18 pr. 11 80 Apr. 30 150 ay 8 100 200 20,001 May 10 May 19 May 28 100 220 22,00I une 5 une 16 June 21 180 240 43,201 June 28 90 June 30 Balances 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 as of June 30