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 Transaction Number of Units Date Per Unit Total Apr. 3 Inventory 84 $525 $44,100 105,840 113 1,750 197,750 8 Purchase 168 630 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 71 1,750 124,250 140 700 98,000 84 1,750 147,000 73,500 107,800 84 1,840 154,560 112 1,840 206,080 840 211,680 126 1,840 231,840 42 1,75o 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 252 Required: illustrated in Exhibit 4, using t 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchendis Previous