Pro 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 flows Date Transaction Number of Units Per Unit Total Apt 3 Inventory 66 $225 $14,850 Purchase 132 270 35,640 Sale 55 750 66,000 30 Sale 55 750 41,250 May Purchase 110 300 33,000 10 Sale 66 750 49,500 19 Sale 33 750 24,750 28 Purchase 110 330 36,300 June 5 Sale 66 790 52,140 16 Sale: 790 69,520 21 Purchase 198 360 71,280 28 Sale 99 790 78,210 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one ilustrated in Exhibit 3, using the first-in, fint-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.