The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows:

Date		Transaction	Number of Units		Per Unit		Total
Apr. 3		Inventory	36		$ 525		$ 18,900
8		Purchase	72		630		45,360
11		Sale	48		1,750		84,000
30		Sale	30		1,750		52,500
May 8		Purchase	60		700		42,000
10		Sale	36		1,750		63,000
19		Sale	18		1,750		31,500
28		Purchase	60		770		46,200
June 5		Sale	36		1,840		66,240
16		Sale	48		1,840		88,320
21		Purchase	108		840		90,720
28		Sale	54		1,840		99,360

Required:

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. 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.