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:

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 Date Transaction Per Unit Total of Units Apr. 3 Inventory 78 156 105 $150 180 500 500 200 500 500 220 525 525 240 525 $11,700 28,080 52,500 33,000 26,000 39,000 19,500 28,600 40,950 54,600 56,160 61,425 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 130 78 39 130 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 78 104 234 Quentity Quentity Agr. 2 mc 22