At May 1, 2018, Kibbee Company Had Beginning Inventory Consisting

Multiple Choice

At May 1, 2018, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 800 units at $7
600 units at $8
The company sold 1,000 units during the month for $12 per unit. Kibbee uses the average cost method. The average cost per unit for May is

A) $7.000.
B) $7.375.
C) $7.500.
D) $8.000.