Question 9 of 9 < View Policies Current Attempt in Progress -/26 You are given the following information for Sunland Company. All transactions are settled in cash. Sunland uses a perpetual inventory system and the weighted average cost formula. Increased competition has reduced the price of the product. Date Transaction Units Unit Price July 1 Beginning inventory 25 $18 5 Purchase 55 17 8 Sale (70) 30 15 Purchase 55 16 2225 20 Sale (55) 27 Purchase 10 15