Multiple Choice
At May 1, 2010, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of $7. During May, the company purchased inventory as follows:
200 units at $7
300 units at $8
The company sold 500 units during the month for $12 per unit. Deitrich uses the average cost method. The value of Deitrich's inventory at May 31, 2010 is
A) $700.
B) $750.
C) $800.
D) $4,500.
Correct Answer:

Verified
Correct Answer:
Verified
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