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At May 1, 2017, Heineken Company Had Beginning Inventory Consisting

Question 162

Multiple Choice

At May 1, 2017, Heineken Company had beginning inventory consisting of 300 units with a unit cost of $7. During May, the company purchased inventory as follows:
600 units at $7
900 units at $8
The company sold 1,500 units during the month for $12 per unit. Heineken uses the average cost method. Heineken's gross profit for the month of May is


A) $6,750
B) $11,250
C) $13,500
D) $18,000

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