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At May 1, 2011, Deitrich Company Had Beginning Inventory Consisting 3.50 € 3.50

Question 74

Multiple Choice

At May 1, 2011, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of 3.50 € 3.50 . During May, the company purchased inventory as follows:

200 units at 3.50 € 3.50
300 units at 4.00 € 4.00

The company sold 500 units during the month for 6 € 6 per unit. Deitrich uses the average cost method. Deitrich's gross profit for the month of May is


A) € 1,125 .
B) € 1,875 .
C) € 2,250 .
D) € 3,000 .

Correct Answer:

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