At May 1, 2017, Heineken Company Had Beginning Inventory Consisting

question 175

Multiple Choice

At May 1, 2017, 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. The value of Heineken's inventory at May 31, 2017 is

• A)$2,100
• B)$2,250
• C)$2,400
• D)$13,500

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Definitions:

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