following Information for questions 2 and XYZ inc uses the average cost formula in a perpetual inventory system in your answer . ) ( Use unfounded...

i don't know which choice is correct for NO.3, can you please help me explain it, thanks.

following Information for questions 2 andXYZ inc uses the average cost formula in a perpetual inventory systemin your answer . )( Use unfounded numbers in your calculations but round to the nearest cent for presentation purposesone 1 Beginning Inventory 20 units @ 519.00 per unitJune 5 Purchase100 units @ $22 00 per unitJune & Sale70 unitsJune 9 Purchase30 units @ 22.31 per unitJune 10 Sale25 unitsJune 27 Sale40 unitsThe cost of goods sold for the June & sale is( 21 51 480.10(6 51 505.00( ) $1 527.68( 0) 51.510.00would beIt XYZ inc . was using the FIFO cost formula instead of average gross profit from the June 8 sale( 2 ) higherby lowerfor the sameI cannot be determined .