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 cost formula instead of average, gross profit from the June 8 sale would be
Definitions:
Polyesters
A category of polymers that contain the ester functional group in their main chain, widely used in fibers and plastics.
Diester
A diester is an organic compound formed when two hydroxyl groups in an acid are replaced by ester groups.
Vulcanization
A chemical process for converting natural rubber or related polymers into more durable materials via the addition of sulfur or other equivalent curatives or accelerators.
Synthetic Rubber
A man-made elastomer designed to mimic natural rubber, noted for its elasticity and produced through polymerization processes.
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