LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory $32,400 77,760 8 Purchase $450 540 1,500 1,500 11 Sale 144,000 30 Sale 90,000 May 8 Purchase 600 72,000 10 Sale 19 Sale 36 . 1,500 1,500 660 1,575 108,000 54,000 79,200 28 Purchase June 5 Sale 113,400 1.575 16 21 Sale Purchase 720 151,200 155,520 170,100 28 Sale 108 1,575 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one ilustrated in Exhibit 4, using the last in, first-out method. Under UFO, 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 Purchases Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apr. 3 I Rors Apr. 11 May 19 June 21 Balances 2. Determine the total sales, the total cost of merchandse sod, and the gros ending you ne 30 Ausgabe MacBook Air