At May 1, 2015, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 
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
Definitions:
Fixed Interval
A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.
Reinforcement Schedule
In operant conditioning, the rule that describes how often and under what conditions a behavior is reinforced.
Vicarious Punishment
Learning process in which an individual observes another being punished and thus learns to inhibit the behavior that led to the punishment.
Fixed Ratio Reinforcement
A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses.
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