LIFO Perpetual Inventory The beginning inventory at Dunne Coand data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Aor) Inventory 42 $525 122.050 Purchase 630 52.920 11 Sale 56 1,750 98.000 61,250 May Purchase 30 10 Sale 1.750 73.500 19 Sale 21 1.750 36.750 28Purchase 20 770 53,000 une Sale 42 LO 77,200 16 Sale 95 1.640 103,040 21 Purchase 540 105,840 20 63 1.540 115,920 125 Required 1. Record the wory. Durch and cost of goods sodatna perpetual vertory recordar to the one used in the futut method Under, nitritory of the Sereno, ter then with the HIGHER cost the cost of Good Sold Unt Cost column and LOWER cost first in the Inventory Cotcom Dunne Schedule of Cost of Goods Sole UFO Method For the Three Months died June 10 Previous Od My Wort 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record star to the one strated in that using the last in first-out method. under Fourts are inventory offerent costs, enter the units with the HIGHER tot first in the cost of Goods Sold Unt Cost column and LOWER Ut cost fint in the inventory Unit Cost column Dunne Schedule of cost of Goods Sold Liro Mothed For the Three Month Ende June 39 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cou Total Cont Quantity Uw Cost Total Cost Apr 42 525 $ 22,050 427 525 V 22,050 A. 630 52.920 54 630 52,920 1,750 9,000 11 Apr May May 10 May 19 Previous Next Sh6 HW - 1 May 28 June June 16 June 21 Sune 2 une 30 de 2. Determine the total sales, the foot of goods and theyre profit from ses for the period Total Total cost of goods sold 3. Determine the tune 30 Next