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At May 1, 2014, Deitrich Company Had Beginning Inventory Consisting

Question 76

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 value of Deitrich's inventory at May 31, 2014 is


A) €700.
B) €750.
C) €800.
D) €4,500.

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