Pina Inc. has provided you with the following information. This company purchases its inventory from a supplier for cash and has only cash sales. Pina uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product. Unit Unit Date Explanation Units Cost Price Apr. 1 Beginning inventory 50 $80 6 Purchases 110 91 8 Sales (130) $117 15 Purchases 120 71 22 20 Sales (120) 96 27 Purchases 20 20 58