LIFO Perpetual Inventory The beginning Inventory of merchancise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Number Date Per Unit Total Transaction of Units $525 $47,250 90 Apr. 3 Inventory 180 113,400 Purchase 630 1,750 211,750 121 11 Sale 133,000 76 1,750 30 Sale 105,000 150 700 May 8 Purchase 1,750 157,500 10 Sale 90 78,750 1,750 19 Sale 45 770 115,500 28 Purchase 150 Sale 165,600 June 5 90 1,840 1,840 220,800 16 Sale 120 270 226,800 21 Purchase 840 248,400 28 Sale 135 1,840 Required: 1. Record the inventory, purchases, and cost of merchandise 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 at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Dunne Co. Schedule of Cost of Merchandise Sold LIFO Method For the three-months ended June 30 Inventory Cost of Merchandise Sold Purchases Tatal Pat