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: Number of Units Date Transaction Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 40 120 60 50 100 80 30 120 60 40 180 190 Per Unit $670 690 1,120 1,120 700 1,120 1,120 707 1,260 1,260 712 1,260 Total $26,800 82,800 67,200 56,000 70,000 89,600 33,600 84,840 75,600 50,400 128,160 239,400 ?

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LHo Peipetual imentory