UFO perpetual inventory The beginning irventory at Dunne Co, and data on purchases and sales for a three-month period are as follows: Required 1. Hlecord the inwentory, nurchases, and cost of goods sold dato in a perpetusl inventory record semilior to the onte iliustrated in Exhibit 4 , using the iast-in, first-out method. Uncer UFo, if units are in invemtory at two different costt, enter the units with the HIGHER unit cost fiest in the Cost of Goods sold Unit Cost columa and LOWER unit cost frot in the Inventory unit Cost columin. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost on June 30