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 Jun 5 Purchase Jun 8 Sale Jun 9 Purchase Jun 10 Sale Jun 22 Sale cannot be determined. 20 units @ $19.00 per unit O higher. O the same. O lower. 100 units @ $22.00 per unit 70 units 80 units @ 22.31 per unit 25 units If XYZ Inc. was using the FIFO cost formula instead of average, gross profit from the June 8 sale would be 40 units QL Mu Qu Mul Qu Mult Que Mult Que Multi Que Multi Que Multip Ques Multip Ques Multipl

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) If XYZ Inc. was using the FIFO cos formula instead of average, gross profit from the June 8 sale would be cannot be determined. higher: the same. lower