Novak Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: Date Oct. 2 Units 29 10,200 Purchases Cost 17,000 15 $13 15 Total $132,600 255,000 Cost of Goods Sold Units 20,400 [6] [8] Cost Total [7] [9] [10] Units 10,200 [1] [3] Ending Inventory [11] Cost $13 [2] [4] [12] Total $132,600 [5] [13] The company accountant has prepared the following partial statement of income to help management understand the financial