LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 36 $ 450 $ 16,200 8 Purchase 72 540 38,880 11 Sale 48 1,500 72,000 30 Sale 30 1,500 45,000 May 8 Purchase 60 600 36,000 10 Sale 36 1,500 54,000 19 Sale 18 1,500 27,000 28 Purchase 60 660 39,600 June 5 Sale 36 1,575 56,700 16 Sale 48 1,575 75,600 21 Purchase 108 720 77,760 28 Sale 54 1.575 85,050 the Inventory Un Coco Dunne to Schedule of Cost of Goode sold LIFO Method For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Purchases Unit Cost Total Cost Inventory Unit Cost 450 Total Cost Total Cont Quantity Date Quantity 365 10,200 144 X 270 X 38,880 144 x 270 3.80 AD 72 225 x 10,200 X 48 x 220 X 12.060 X 90 270 X 25.920 TT 72 x 225 x 16.200 48 x 270 x 12.050 60 225 X 13,500 30 12 X 225 x 2.700 120 X 300 30.000 May 120 300 36.000 09 225 13.500 48 300 X 14.400 X May 10 72 X 300 21000 60 X 225 1.1.500 x 12 X 300 X 3.000 May 19 300 10.800 00X 225x 13.500 120 X 330 X 39,600 May 20 20 300 > 30,000 120 300 30.000 12 x 300 xxx 3,600 09 A 225X 13,500 45 330 X 13,840 72 330 23,760 12 x 300 3,000 60 X 225 13.500 4 x 15.840 June 16 12 X 330 300 X 225 x 3.600 24 X 225 5,400 36 X 8.100 June 21 216 x 300 77.760 216 X 100X 77.700 24K 235X 5,400 June 20 100 105 x 360 300 X 38.000 38,880 24 225 X 5,400 June 30 $164.100 44,280 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales 415,3507 Total cost of goods sold 164,160 Gross profit from sales 251,190 3. Determine the ending inventory cost on June 30. $ 44,280 $ $ $ Feedback