Multiple Choice
At May 1, 2022, Mark Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 800 units at $7
500 units at $9
The company sold 500 units during the month for $12 per unit. Mark uses a periodic inventory system and the average cost method. The cost of Mark's inventory. To the nearest dollar, at May 31, 2022 is
A) $6,400.
B) $7,667.
C) $5,600.
D) $4,333.
Correct Answer:
Verified
Correct Answer:
Verified
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