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The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follons: Required:

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The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follons: Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetwal inventory record similar to the one iltustrated in Exhibit 4, using the last-in, first-out method. Under UFO, If units are in inventory at two different costs, enter the units with the HrGHER unit cost first in the Cost of Merchandise Sold Unit Cost coiumn and 3. Determine the ending inventory cost on June 30

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