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

Apr. 3		Inventory	54		$375		$20,250
8		Purchase	108		450		48,600
11		Sale	72		1,250		90,000
30		Sale	45		1,250		56,250
May 8		Purchase	90		500		45,000
10		Sale	54		1,250		67,500
19		Sale	27		1,250		33,750
28		Purchase	90		550		49,500
June 5		Sale	54		1,315		71,010
16		Sale	72		1,315		94,680
21		Purchase	162		600		97,200
28		Sale	81		1,315		106,515

Required:

1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated inExhibit 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.

Apr. 3							$	$
Apr. 8	$	$
Apr. 11				$	$
Apr. 30
May 8
May 10
May 19
May 28
June 5
June 16
June 21
June 28
June 30	Balances					$			$

2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period.

Total sales	$
Total cost of goods sold	$
Gross profit from sales	$

3. Determine the ending inventory cost as of June 30. $