uro 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.) Inventory 36 5600 $21,600 8 Purchase 72 220 51,840 11 Sale 45 2,000 96,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 BOO 48,000 10 Sale 36 2,000 72,000 19 Sale 18 2,000 36,000 28 Purchase 60 880 52,800 June 5 Sale 36 2,100 75,600 16 Sale 48 2.100 100,800 21 Purchase 105 960 103,680 28 Sale 54 2,100 113.400 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual Inventory record similar to the one Illustrated in Exhibit 3, using the last-in, first-out method. Under LIFO, ir 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, Dunne Co Schedule of Cost of Goods Sold LEO Method ebook Show Me very At Migues ALC.com C Date Quantity Purchases Unit Cost For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Total Cost Total Cost Apr. 3 Quantity Inventory Unit Cost Apr. 8 Apr 11 IL Apr 30 May 8 May 10 01 May 19 May 28 I - - June 5 Check My Work mor Crack My Work uses remaining ! Previous Next > All work saved Email Instructor Save and it Submit Assignment for Grading May 28 June 5 June 16 June 21 June 28 June 30 Balances 2. Determine the total sales, the total cost of goods sold, and the gross prone from sales for the period. Total sales Total cost of goods sold Gross profit from sales 3. Determine the ending inventory cost as of June 30. Check My Work 3 more Check My Works remaining Previous Next All work saved Email Instructor Save and de Submit Assignment for Grading MacBook Pro