The beginning inventory of merchandise at Rhodos. Co. and data on purchases and cales for a three-inonth period ending June 30 are as follows: BFO Pursatual weritary llequired: 2. betar UFO Perpetual Inventory The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: - Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Extibit 4, using the last-in, irst-out method. Under LIF, If units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit. Cost column and LOWER unit cost first in the Imventory Unit Cost column..