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se Show Me How FIFO The beginning inventory at Dunne Co. and data on purchases and sales for a three-month perlod ending June 30 are

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se Show Me How FIFO The beginning inventory at Dunne Co. and data on purchases and sales for a three-month perlod ending June 30 are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 42 $525 630 1,750 1,750 700 1,750 1,750 $22,050 52,920 98,000 61,250 49,000 73,500 36,750 53,900 77,280 103,040 105,840 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 56 35 42 21 28 Purchase June 5 Sale 42 1,840 16 Sale 21 Purchase 28 Sale 126 840 1,840 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one ilustrated in Exhiblt 3, u inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Required: Dunne Co. Schedule of Cost of Goods Sold Date Unit Cost Total Cost Qua Apr. 30 21 2

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