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LIFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co . and data on purchases and sales for a three - month period ending

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LIFO Perpetual Inventory
The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:
\table[[Date,Transaction,\table[[Number],[of Units]],\table[[Per],[Unit]],Total],[{:Apr.:},Inventory,72,$225,$16,200],[8,Purchase,144,270,38,880],[11,Sale,96,750,72,000],[30,Sale,60,750,45,000],[May,Purchase,120,300,36,000],[8,,72,750,54,000],[10,Sale,36,750,27,000],[19,Sale,120,330,39,600],[28,Purchase,,,],[June,Sale,72,790,56,880],[5,,,,],[16,Sale,96,790,75,840],[21,Purchase,216,360,77,760],[28,Sale,108,790,85,320]]
Required: LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.
\table[[,,,For,\table[[Rr],[Perpetual I],[LIF],[the three-n]],\table[[les Co.],[entory Acc],[Method],[nths ended]],\table[[unt],[une 30]],,,],[,,Purchases,,Cost,Merchand,e Sold,,Inventory,],[Date,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost],[Apr.3,,,,,,,,$,$],[Apr.8,,$,$,,,,,,],[Apr.11,,,,,$,$,,,],[Apr.30,,,,,,,,,],[lnant,,,,,,,,,],[|'May 8,,,,,,,,,],[May 10,,,,,,,,,],[May 19,,,,,,,,,],[,,,,,,,,,],[I May 28,,,,,x,,,,],[|imay 28,,,,,,,,,],[,,,,,,,,,],[June 5,,,,,,,,,],[,,,,,,,,,],[June 16,,,,,,,,,],[|June 21,,,,,,,,,],[|June 21,,,,,,,,,],[June 28,,,,,,,,,],[June 30,Balances,,,,,$,,,$]]
Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.
Total sales
Total cost of merchandise
sold
Gross profit
Determine the ending inventory cost on June 30.
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