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. Deitrich's gross profit for the month of May is
A) €2,250.
B) €3,750.
C) €4,500.
D) €6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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