At May 1, 2010, Deitrich Company Had Beginning Inventory Consisting

question 132

Multiple Choice

At May 1, 2010, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of $7. During May, the company purchased inventory as follows:
200 units at $7
300 units at $8
The company sold 500 units during the month for $12 per unit. Deitrich uses the average cost method. The average cost per unit for May is

• A) $7.00.
• B) $7.50.
• C) $7.60.
• D) $8.00.

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Definitions:

Constituency

A body of voters or supporters represented by a politician or organization, or the people served by an individual or group.

Media Relations

The practice of managing and crafting interactions and communications between an organization and the media, to shape public perception and convey strategic messages.

Negotiating Posture

refers to the stance or approach a person or group adopts in preparation for or during the process of negotiation, which can range from cooperative to confrontational.

Ground Rules

Basic guidelines or agreed-upon rules that govern behavior and procedures in a specific context or environment.