Record the inventory, purchases, and cost of good sold data in a perpetual inventory record. 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 colomn and LOWER unit cost first in the Inventory Unit Cost column.

LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number of Units Date Transaction Per Unit Total Apr. 3 Inventory 78 $ 525 $ 40,950 8 Purchase 156 630 98,280 11 Sale 105 1,750 183,750 30 Sale 66 1,750 115,500 Purchase 130 May 8 700 91.000 10 Sale 78 136,500 19 Sale 39 1.750 68,250 2B Purchase 130 770 100,100 June 5 Sale 78 1,840 143.520 16 104 1,840 191.360 Sale Purchase 21 234 840 196,560 213,280 28 Sale 117 1,840