Current Attempt in Progress Pina Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: Cost of Goods Sold Units Cost Total Date Oct. 2 15 Purchases Cost $11 15 Units 8,100 13,500 Total $89.100 202.500 Ending Inventory Units Cost Total 8,100 $11 $89.100 (1) 2) (3) 14 (5) 29 20.600 [6] [8] 171 191 (10) (11) (12) The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula FIFO Average