Problems 8.28 and 8.38 are based on the following data: Sea Travel sells motor boats. One of Sea Travel's most popular models is the Wing. During the current year, Sea Travel purchased 12 Wings at the following costs. Purchase Date Apr. 1. Apr. 19. May 8. Units Purchased Unit Total Cost Cost $8,000 $32.000 5 8.200 41,000 8,500 25,500 12 $98,500 On April 28, Sea Travel sold five Wings to the Jack Sport racing team. The remaining seven boats remained in inventory at June 30, the end of Sea Travel's fiscal year. Assume that Sea Travel uses a perpetual inventory system. (See the data provided.)