Obj. 2, 3 The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are shown in Problem 6-1B. SHOW ME HOW Instructions 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, EXCEL TEMPLATE first-out method. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for th period. Answer Check Figure: Gross profit, $213,170 3. Determine the ending inventory cost on June 30. Obj. 2, 3 The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Apr. 3 May 8 Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase Sale Number Per Unit Total of Units $1,200 $ 30,000 1,240 93,000 2,000 80,000 2,000 60,000 1,260 75,600 2,000 100,000 2,000 40,000 1,260 100,800 2,250 90,000 2,250 56,250 1,264 44,240 2,250 99,000 June 5