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The beginning inventory for Dunne Co. and data on purchases and sales for a three- month period are shown below Date Transaction Number of Units

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The beginning inventory for Dunne Co. and data on purchases and sales for a three- month period are shown below Date Transaction Number of Units Per Unit Total 3 Inventory 25 $1,200 $30,000 Apr 8 Purchase 1,240 93,000 11 Sale 40 2,000 80,000 2,000 60,000 30 Sale 30 60 1,260 75,600 8 Purchase May 50 2,000 100,000 10 Sale 19 sale 2,000 40,000 1,260 100,800 28 Purchase June 5 sale 40 2,250 90,000 2,250 56,250 16 Sale 1,264 44,240 21 Purchase 35

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