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

Question 114

Multiple Choice

At May 1, 2011, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of €3.50.During May, the company purchased inventory as follows: At May 1, 2011, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of €3.50.During May, the company purchased inventory as follows: The company sold 500 units during the month for €6 per unit.Deitrich uses the average cost method.The value of Deitrich's inventory at May 31, 2011 is A) €350. B) €375. C) €400. D) €2,250. The company sold 500 units during the month for €6 per unit.Deitrich uses the average cost method.The value of Deitrich's inventory at May 31, 2011 is


A) €350.
B) €375.
C) €400.
D) €2,250.

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