FIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 78 $300 $23,400 8 Purchase 156 360 56,160 11 Sale 104 1,000 104,000 30 Sale 65 1,000 65,000 May 8 Purchase 130 400 52,000 10 Sale 78 1,000 78,000 19 Sale 39 1,000 39,000 28 Purchase 130 440 57,200 June 5 Sale 78 1,050 81,900 16 Sale 104 1,050 109,200 21 Purchase 234 480 112,320 28 Sale 117 1,050 122,850 1. Record the story. Durchases, cost of the old dana pre intory recortar to the one that in the next to Under Firo, if units are inventory at two different costs tertents with the contrat in the Court of Merchandise Sount Content Com Dunne Co. Schedule of cost of Merchandise Sold Pro Method For the three months ended May 1, 2016 Purchase Contul Merchandise Sold Inventory Date Quantity Unit Cout Tot Quantity Un Cout Total Cout Quantity Un Cost Totale A May 10 May 28 lunes Sune 16 June 21 June 26 > June 30 Balances 2. Determine the sales and the total com of merchandise sold for the period. Soumaise the entries in the sales and cont of merchandise sold accounts. Assume that all we were on account Record talo 3. Determine the gross profit from sales for the period. 4. Determine the enginventory costs of June 30 5. Besed vpn tereceding data, would you be the wentury using the stated to be here