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LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases...

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Accounting

LIFO Perpetual Inventory The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 66 $150 $9,900 8 Purchase 132 180 23,760 11 Sale 88 500 44,000 30 Sale 55 500 27,500 May 8 Purchase 110 200 22,000 10 Sale 66 500 33,000 19 Sale 33 500 16,500 28 Purchase 110 220 24,200 June 5 Sale 66 525 34,650 16 Sale 88 525 46,200 21 Purchase 198 240 47,520 28 Sale 99 525 51,975

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