LIFO perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Date Transaction Jan. 1 Inventory Jan. 10 Purchase Jan. 28 Sale Jan. 30 Sale Feb. 5 Sale Feb. 10 Purchase Feb. 16 Sale Feb. 28 Sale Mar. 5 Purchase Mar. 14 Sale Mar. 25 Purchase Mar. 30 Sale Number of Units Per Unit Total $60.00 $540,000 70.00 1,470,000 140.00 1,435,000 140.00 805,000 140.00 490,000 39,500 75.00 2,962 500 15,000 150.00 2,250,000 10,000 25,000 30,000 10,000 19,000 9,000 21,000 10,250 5,750 3,500 1,500,000 82.00 2,050,000 150.00 4,500,000 884,000 2,850,000 150.00 88.40 150.00 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in Inventory 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. Round unit cost to two decimal places, necessary.

Mro perpetivi invertory hecessary