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On May 1, 2022, Heineken Company Had Beginning Inventory Consisting

Question 113

Multiple Choice

On May 1, 2022, Heineken Company had beginning inventory consisting of 300 units with a unit cost of $7.During May, the company purchased inventory as follows: 600 units at $7
900 units at $8
The company sold 1,500 units during the month for $12 per unit.Heineken uses the average-cost method.Heineken's gross profit for the month of May is


A) $6,750
B) $11,250
C) $13,500
D) $18,000

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