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: Number of Units 72 144 96 60 120 72 36 120 72 96 216 108 Date Transaction Per Unit Total $300 $21,600 51,840 96,000 60,000 48,000 72,000 36,000 52,800 75,600 100,800 103,680 113,400 Apr. 3 Inventory 8 Purchase 360 1,000 1,000 400 1,000 1,000 440 1,050 1,050 480 1,050 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale