illly s g0 profit will be higher. punbas ot sing prices, using FIRO offers an income tax savings. O d. All statements are true. QUESTION 10 Under the periodic inventory system, Village Fabrics purchases navy plaid fabric used in its fabric-selling business in the following lots: June 5-4 yards at $2.50 per yard, June 12-7 yards at $3.00 per yard, June 17-8 yards at $3.50 per yard. What is the periodic average cost of the fabric per yard? O a.S3.11 per yard O b.$2.50 per yard Oc-$3.00per yard O d.$3.05 per yard 3 F10 F9 F7 F6