The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Number Date Transaction Per Unit Total of Units Apr. 3 Inventory 36 $375 $13,500 8 Purchase 72 450 32,400 11 Sale 48 1,250 60,000 30 Sale 30 1,250 37,500 May 8 Purchase 60 500 30,000 10 Sale 36 1,250 45,000 19 Sale 18 1,250 22,500 28 Purchase 60 550 33,000 June 5 Sale 36 1,315 47,340 16 Sale 48 1,315 63,120 21 Purchase 108 600 64,800 28 Sale 54 1,315 71,010 Required 1. Record the intery, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 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 fest in the cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Rhodes Co. Perpetual Inventory Account LIFO Method For the three months ended June 30 Purchase Cost of Merchandise Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost For 3 36 375 13,500 36 375 13,500 Aer. . 22 450 32,400 72 1 450 32,400 36 375 13,500 Res. 11 48 450 21,800 48 450 21,600 30 450 13,500 fer. 30 375 13500 1 May May 10 May 19 May 28 T us un to D une 21 June 28 June 30 Balances 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit 3. Determine the ending inventory cost on June 30. $