Record tge inventory , purchases , and cost of goods sold data in a perpetual inventory record similar to the one illustarted in exhibit 3 , using the last - in , first - out method . Under LIFO, if units are in inventory at two different costs , enter the units with the HIGHER unit cost first in the cost of goods sold unit cost column and LOWER unit cost first in the Inventory Unit Cost column.

History text book E The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Number of Units Per Unit $225 270 Transaction Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale Purchase 28 Sale Total $9,450 22,680 42,000 26,250 21,000 31,500 15,750 23,100 33,180 44,240 45,360 49,770 21 Required: 1. Record the inventory, pureisses, and cost of go units are inventory Worrent contenter od data in perpetual inventory.cecords units with the HIGHER cost ist in the cost of Good so Dunne Co. Schedule of Cost of Goods Sold TEAM Date Quantity Purchases Unit Cost Total Cost Cost of Goods Sold Unit Cost Apr. 3 Quantity Total Coat Quantity Inventory Unit Cart Tebal Apr. 8 Apr. 11 Apr. 30 May 8 May 10 May 19 May 28 Check My Work Save and the Sign out Us 0 . 42 acer