Business, 15.04.2020 18:33 footboy773

At May 1, 2018, Kibbee 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 $7 600 units at $8 The company sold 1,000 units during the month for $12 per unit. Kibbee uses the average cost method. The average cost per unit for May is

a.$7.000.
b.$7.375.
c.$7.500.
d.$8.000.

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At May 1, 2018, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $...

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