At May 1, 2014, Heineken Company Had Beginning Inventory Consisting

Multiple Choice

At May 1, 2014, Heineken Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 400 units at $7
600 units at $8
The company sold 1,000 units during the month for $12 per unit. Heineken uses the average cost method. The value of Heineken's inventory at May 31, 2014 is

A) $1,400
B) $1,500
C) $1,600
D) $9,000