At May 1, 2014, Deitrich Company Had Beginning Inventory Consisting

question 214

Multiple Choice

At May 1, 2014, Deitrich Company had beginning inventory consisting of 200 units with a unit cost of €3.50. During May, the company purchased inventory as follows: 400 units at €3.50
600 units at €4.00
The company sold 1,000 units during the month for €6 per unit. Deitrich uses the average-cost method. The average cost per unit for May is

• A) €3.50.
• B) €3.75.
• C) €3.80.
• D) €4.00.

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