Question 15 XYZ 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 Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase Jun 8 Sale Jun 9 Purchase 100 units @ $22.00 per unit 70 units 80 units @ 22.31 per unit 25 units Jun 10 Sale Jun 22 Sale 40 units If XYZ Inc. was using the FIFO cost formula instead of average, gross profit from the June 8 sale would be cannot be determined. O higher lower the same Question Att