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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 60 $600 $36,000 8 Purchase 120 720 86,400 11 Sale 80 2,000 160,000 30 Sale SO 2,000 100,000 May 8 Purchase 100 800 80,000 10 Sale 60 2.000 120,000 19 Sale 30 2,000 60,000 28 Purchase 100 880 88,000 June 5 Sale 60 2.100 126,000 16 Sale BO 2,100 168,000 21 Purchase 180 960 172,800 28 Sale 90 2100 189.000 1. Record the eventory, purchases, and cost of merchandise sold data ma perpetual inventory record milar to the one illustrated in Exhibiting the last in first out method. Under LIFO, it units are in inventory two different costs, enter the units with the HIGHER UNIR cout first in the cost of Merchandise Sold Unit Cont column and LOWER unit cost flest in the Inventory Unit Cost column Dunne Co Schedule of cost of Merchandise Sold uro Method For the three months ended on 10 Cost of Merchandise Sold Quantity Unit Cost Total Cost Purchases Inventory Unit Cost Date Quantity Unit Cost Total Cost Quantity Total cost ACO 120 220 116,00 AD1 00 2,000 160.000 SO 2.000 100,000 A 30 100 300 30,000 May 10 60 2.000 120,000 MY 10 30 2,000 60,000 May 21 100 380 38.000 2,100 126,000 130 090 122.000 une 16 une 23 180 960 172,800 une 2 90 2.100 189,000 ne 10 Determine the totales, the total cost of merchandise sold, and the grous profit from sales for the period Total cost of the old Grote pro Datumine the inventory cost on June 10