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: Number DateTransaction of Units Per Unit Total Jan. 1 Inventory 7,500$75.00 $562,500 22,500 85.00 1912,500 11,250 150.00 1,687,500 562,500 225,000 54,000 87.504,725,000 27,000160.00 4,320,000 080,000 89.50 4.027.500 30,000 160.004,800,000 675,000 26,250160.00200,000 10 Purchase 28 Sale 30 Sale 3,750150.00 Feb. 5 Sale 1,500 150.00 10 Purchase 16 Sale 28 Sale 25,500160.004 Mar. 5 Purchase 145.000 14 Sale 25 Purchase 30 Sale 7,500 90.00