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At May 1, 2022, Mark Company Had Beginning Inventory Consisting

Question 168

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 the average cost method. Mark's gross profit, to the nearest dollar, for the month of May is


A) $2,167.
B) $2,000.
C) $1,500.
D) $4,333.

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