Periodic Inventory by Three Methods The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 25 8 Inventory Purchase Sale 75 11 40 $1,200 1,240 2,000 2,000 1,260 30 Sale 30 May 8 Purchase Purchase 60 10 Sale 50 19 Sale 2,000 2,000 20 $30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 28 Purchase 80 1,260 June 5 Sale 40 16 Sale 2,250 2,250 25 21 35 Purchase Sale 1,264 28 44 2,250 Required: 1. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the first in, first-out method and the periodic inventory system. Inventory, June 30 Cost of goods sold 2. Determine the inventory on June 30 and the cost of goods sold for the three month period, using the last in, first-out method and the periodic inventory system. Check My Work Rule Email Instructor Save and Edt NOWV2 Online to Cengage Learning eBook Calculator 28 Sale 44 2,250 99,000 Required: 1. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory system. Inventory, June 30 Cost of goods sold 2. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, June 30 Cost of goods sold 3. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Note: Round the weighted average unit cost to the nearest dollar and final answers to the nearest dolar Inventory, June 30 Cost of goods sold 4. Compare the gross profit and June 30 inventories using the following column headings. For those boxes in which you must enter subtracted or negative numbers use a minus sign FIFO LIFO Weighted Average Sales Cost of goods sold Gross profit $ Inventory, June 30 $ Check My Work Emal instructor Save and Exit