PR 6-1B FIFO perpetual inventory Obj. 2, 3 474 The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: PLATE 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 Number of Units 25 75 40 30 60 50 20 80 40 25 35 44 Per Unit $1,200 1,240 2,000 2,000 1,260 2,000 2,000 1,260 2,250 2,250 1,264 2,250 Total $ 30,000 93,000 80,000 60,000 75,600 100,000 40,000 100,800 90,000 56,250 44,240 99,000 PR 6-2B LIFO perpetual inventory Obj. 2, 3 The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are shown in Problem 6-1B. Instructions 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost on June 30. E K B 4 5 6 Date 7 Apr 3 8 8 9 D Purchases Unit Cost G H Cost of Goods Sold Unit Total Quantity Cost Cost Total Cost Quantity Quantity 25 Inventory Unit Cost $1,200 $ Total Cost 30,000 11 20 21 30 22 23 24 May 8 25 26 27 10 28 29 19 30 31 32 33 28 34 35 June 5 36 37 16 38 39 21 40 Pr. 6-2B B D E F G H 1 J K June 5 16 21 28 3 1 30 Balances -5 Total sales Total cost of goods sold Gross profit 6 7 8 39 50 51 52 53 54 55 56 57 58 59 Ending inventory cost