Multiple Choice
At May 1, 2014, Deitrich Company had beginning inventory consisting of 200 units with a unit cost of €3.50. During May, the company purchased inventory as follows: 400 units at €3.50
600 units at €4.00
The company sold 1,000 units during the month for €6 per unit. Deitrich uses the average-cost method. The average cost per unit for May is
A) €3.50.
B) €3.75.
C) €3.80.
D) €4.00.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Goods out on consignment should be included
Q169: In a manufacturing company goods that are
Q209: Brocken Co. has the following data related
Q210: Flott Department Store prepares monthly financial statements
Q212: If a company has no beginning inventory
Q213: Holliday Company's inventory records show the following
Q215: Bosio Corporation's computation of cost of goods
Q217: Finch Company is preparing the annual financial
Q218: The following information was available for Hoover
Q219: Inventory costs are allocated to _ and