Chapter 6 × CengageN X Cenga x Ch 7 Lectur X Ch 9 Lectu X Module 2X Module 2 X MLA Citati X Module 2 X M (no subject X + X https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-assignment-take&inprogress=fa... Q A " @ ASUS Software Port... MYASUS Software McAfee LiveSafe eBook Learning Objective 2 Learning Objective 3 Show Me How Applications | Rapid... M Inbox (1,452) - bom... Coda | Docs ‣ YouTube Print Item The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 90 $525 $47,250 8 Purchase 180 630 113,400 11 Sale 121 1,750 211,750 30 Sale 76 1,750 133,000 May 8 Purchase 150 700 105,000 10 Sale 90 1,750 157,500 19 Sale 45 1,750 78,750 28 Purchase 150 770 115,500 June 5 Sale 90 1,840 165,600 16 Sale 120 1,840 220,800 21 Purchase 270 840 226,800 28 Sale 135 1,840 248,400 13 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 LIFO Method For the Three Months Ended June 30 Cost of Goods Sold Unit Cost Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Apr. 3 Cost of Goods Sold Total Cost Inventory Quantity Inventory Inventory Unit Cost Total Cost 25 1,200 30,000 Check My Work 3 more Check My Work uses remaining All work saved. Q Search L 200 JA ASUS F3 F4 F5 F6 F7 F8 F9 V 川 3 E $ 4 * ୪୧ % 5 6 & 7 8 00 R T Y U 河 Previous Next Email Instructor Save and Exit Submit Assignment for Grading F10 F12 IA Prt Sc Insert Delete 9 P Backspace * 3:22 PM 9/7/2024 PRE 7 Home G 84 Chapter 6 × CengageN X Cenga x Ch 7 Lectur X Ch 9 Lectu X Module 2X Module 2 X MLA Citati X Module 2 X M (no subject X + X https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-assignment-take&inprogress=fa... Q A " @ ASUS Software Port... MYASUS Software McAfee LiveSafe eBook Learning Objective 2 Learning Objective 3 Show Me How Applications | Rapid... M Inbox (1,452) - bom... Coda | Docs ‣ YouTube Print Item The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 90 $525 $47,250 8 Purchase 180 630 113,400 11 Sale 121 1,750 211,750 30 Sale 76 1,750 133,000 May 8 Purchase 150 700 105,000 10 Sale 90 1,750 157,500 19 Sale 45 1,750 78,750 28 Purchase 150 770 115,500 June 5 Sale 90 1,840 165,600 16 Sale 120 1,840 220,800 21 Purchase 270 840 226,800 28 Sale 135 1,840 248,400 13 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 LIFO Method For the Three Months Ended June 30 Cost of Goods Sold Unit Cost Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Apr. 3 Cost of Goods Sold Total Cost Inventory Quantity Inventory Inventory Unit Cost Total Cost 25 1,200 30,000 Check My Work 3 more Check My Work uses remaining All work saved. Q Search L 200 JA ASUS F3 F4 F5 F6 F7 F8 F9 V 川 3 E $ 4 * ୪୧ % 5 6 & 7 8 00 R T Y U 河 Previous Next Email Instructor Save and Exit Submit Assignment for Grading F10 F12 IA Prt Sc Insert Delete 9 P Backspace * 3:22 PM 9/7/2024 PRE 7 Home G 84