Average Corp

Multiple Choice

Average Corp.purchased inventory as follows: March 3 300 units at $9
March 4 200 units at $10
March 7 100 units at $11
On March 5, Average sold 400 units for $17 each.The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is

A) $9.40.
B) $9.50.
C) $9.67.
D) $17.00.