eBook Show Me How Print Item The beginning inventory at Dunne Co. and data on...
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eBook Show Me How Print Item The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as fOTOWS Date Transaction Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale Number of Units 42 84 56 35 70 42 21 70 42 56 126 63 Per Unit $150 180 500 500 200 500 500 220 525 525 240 525 Total $6,300 15,120 28,000 17,500 14,000 21,000 10,500 15,400 22,050 29,400 30,240 33,075 Required: 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 Sold 
1. Record the inventory, purchases, and cost of goods sold data in a perpetual invertory record similar to the ane illustrated in Exhibit 4 , using the last in, first-out method. in the Inventory Unit Cost colume
eBook Show Me How Print Item The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as fOTOWS Date Transaction Apr. 3 Inventory 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 28 Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale Number of Units 42 84 56 35 70 42 21 70 42 56 126 63 Per Unit $150 180 500 500 200 500 500 220 525 525 240 525 Total $6,300 15,120 28,000 17,500 14,000 21,000 10,500 15,400 22,050 29,400 30,240 33,075 Required: 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 Sold
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