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At May 1, 2015, Kibbee Company Had Beginning Inventory Consisting

Question 85

Multiple Choice

At May 1, 2015, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: At May 1, 2015, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: The company sold 1,000 units during the month for $12 per unit. Kibbee uses the average cost method. The average cost per unit for May is A) $7.000. B) $7.375. C) $7.500. D) $8.000. The company sold 1,000 units during the month for $12 per unit. Kibbee uses the average cost method. The average cost per unit for May is


A) $7.000.
B) $7.375.
C) $7.500.
D) $8.000.

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