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LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co, and data on purchases and sales for a three-month penod ending lune o are as follows: Number Date Transaction Per Unit Total of Units Apt 3 Inventory 18 $150 $7,200 8 Purchase 96 180 17,280 11 Sale 500 32,000 30 Sale 40 500 20,000 May B Purchase 30 200 16,000 10 Sale 48 500 24,000 19 Sale 24 500 12,000 20 Purchase 80 220 17,600 June Sale 40 525 25,200 16 Sale 64 525 33,600 21 Purchase 144 240 34.560 20 Sale 525 37,800 Schedule of cost of archime Son Purchases Cost of Merchandise Sold Quantity Limit Cost Quantity Total Cost Total Cost Date Quantity Unit cost ALS Abte Anr10 May May 10 Schedule of Cost of Merchandise Sold LIFO Method For the three months ended lune 30 Cost of Merchandise Sold Quantity Unit Cost Total cost Inventory Total Cost Quantity Unit Cost Total Cost May 10 May 19 May 28 June 16 Show Me How eBook May 19 May 28 June June 16 Jun June 28 June 30 Walance 2. Determine the total sale, the total cost of merchandise old and the Gross profit from sale for the period nathann frame for the period 2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period. Total sales Total cost of merchandise sold Gross profit w . 3. Determine the ending inventory cost on June 30

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