UFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual invertory record similar to the one illustrated in Exhibit 4 , using the iast-in, first-out method, Under LIFO, If units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4 , 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 first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4 , using the last-in, entory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost. bry Unit Cost column. 3. Determine the ending inventory cost on June 30