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

Question 150

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.Deitrich's gross profit for the month of May is A) €1,125. B) €1,875. C) €2,250. D) €3,000. The company sold 500 units during the month for €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.

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