Question: The beginning inventory at Dunne Co . and data on purchases and sales for a three - month period are as follows:LIFO Perpetual InventoryNumberDate Transactionof

The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows:LIFO Perpetual InventoryNumberDate Transactionof UnitsApr. 3Per Unit TotalInventory72$225$ 16,2008 Purchase14427038,88011 Sale9675072,00030 Sale6075045,000May 8 Purchase12030036,00010 Sale7275054,00019 Sale3675027,000>28 Purchase12033039,600June 5 Sale7279056,88016 Sale9679075,84021 Purchase21636077,76028 Sale10879085,320Required: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, first-out method. Under LIFO, If 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 SoldLIFO MethodFor the Three Months Ended June 30

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