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FIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales...

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FIFO Perpetual Inventory 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 of Units Per Unit Total 66 $150 $9.90o 180 23,760 500 44,000 500 27,500 200 22,000 500 33,000 500 16.500 220 24,200 525 34,650 52546,200 240 47,520 52551,975 Apr. 3 Inventory 132 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 2e Purchase June 5 Sale 16 Sale 21 Purchase 28 Sale 198 Required 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one ilustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Total Cost Quantity Unit, Cost Total Cost Unit Cost Total Cost ore Check My iork uses remaining All work saved

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