At May 1 2016 Bibby Company Had Beginning Inventory Consisting

Multiple Choice

At May 1 2016 Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May the company purchased inventory as follows: 800 units at $7
500 units at $9
The company sold 500 units during the month for $12 per unit. Bibby uses the average cost method. Bibby's gross profit for the month of May is

A) $2167.
B) $2000.
C) $1500.
D) $4333.