Oriole Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 1 Jun 5 Jun 8 Jun 9 Beginning inventory Purchase Sale Purchase 25 units @ $19 per unit 100 units @ $22 per unit 70 units 95 units @ 22.60 per unit 25 units 40 units Jun 10 Sale Jun 22 Sale Total cost of goods sold for the month of June is O $2956.00. O $2938.40. O $2983.40. O $2958.95. Save for Later Attempts: 0 of 1 used Submit Answer Carla Vista Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Jul 7 Jul 8 Beginning inventory Purchases Sales 29 units @ $28 per unit 79 units @ $38 per unit 59 units 34 units 59 units @ $31 per unit 49 units Jul 9 Jul 10 Jul 22 Sales Purchases Sales The cost of goods sold for the July 8 sale was O $1952. O $1979. O $1981. O $1922. Save for Later Attempts: 0 of 1 used Submit