Use the following information to answer the question(s) below. 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.) June 1 Beginning inventory 20 units @ $19 per unit June 5 Purchase 100 units @ $22 per unit June 8 Sale 70 units June 9 Purchase 80 units @ 22.31 per unit June 10 Sale 25 units June 22 Sale 40 units The cost of goods sold for the June 8 sale is Question 8Select one: A. $1,480.00. B. $1,527.68. C. $1,505.00. D. $1,540.00