Inventory at Dunne Co. Assignment

The beginning inventory at Dunne Co. and data on purchases and product sales for a three-month interval are as follows: Amount Complete Per Unit of Fashions Transaction Date $375 $29,250 78 Inventory Apr. three 70,200 450 156 Purchase eight 131,250 1,250 105 Sale 11 82,500 1,250 66 30 Sale 65,000 500 130 Purchase May eight 97,500 1,250 78 10 Sale 48,750 1,250 39 Sale 19 71,500 130 550 28 Purchase 102,570 78 1,315 June 5 Sale 1,315 136,760 Sale 104 16 600 140,400 234 21 Purchase 153,855 117 1,315 28 Sale

Required: 1. Report the inventory, purchases, and worth of merchandise purchased data in a perpetual inventory file very similar to the one illustrated in Exhibit three, using the last-in, first-out methodology. Beneath LIFO, if fashions are in inventory at two fully completely different costs, enter the fashions with the HIGHER unit worth first inside the Value of Gadgets Supplied Unit Value column and LOWER unit worth first inside the Inventory Unit Value column. JUTTE 2. Resolve all the product sales, all the worth of merchandise purchased, and the gross income from product sales for the interval. Complete product sales Complete worth of merchandise purchased Gross income from product sales three. Resolve the ending inventory worth as of June 30. .