UFO Perpetual tnventory The beginning inventory of merchandise at Rhodes Co, and data on purchases and sales for a three-month period ending June 30 are as follows: Requiredt: 1. Pecord the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one thistrated in Exhibit 4 , using the last-in, first-out method, Under LFFO, If units are in imventocy at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandse Sold Unit Cost column and LOWER Lunit cost first in the Inventory Unit Cost column. Rhedes Co. Perpetual Invertory Account LFFO Method For the threermanths ended June 30 3. Determine the essing inventory cost on lutie 39