OBJ. 23 The beginning inventory for Rhodes Co. and data on purchases and sales for a three inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from PR 7-2B LIFO perpetual inventory month period are shown in Problem 7-1B. Instructions 1. Record the inventory, purchases, and cost of merchandise sold data in a method. perpetual sales for the period. 3. Determine the ending inventory cost on June 30. PR 7-3B Weighted average cost math CRI.2) The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales OB].2.3 PR 7-1B FIFO perpetual inventory for a three-month period ending June 30 are as follows: Date Apr. 3 8 11 30 May 8 Number of Units 40 120 60 50 100 80 30 120 60 40 180 190 Transaction Inventory Purchase Sale Sale Purchase Sale Sale Purchase Sale Sale Purchase Sale Per Unit $ 670 690 1,120 1,120 700 1,120 1,120 707 1,260 1,260 712 1,260 Total $ 26,800 82,800 67,200 56,000 70,000 89,600 33,600 84,840 75,600 50,400 128,160 239,400 10 19 28 June 5 16 21 28 Inctuatians