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

question 76

Multiple Choice

At May 1, 2014, Heineken Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 400 units at $7
600 units at $8
The company sold 1,000 units during the month for $12 per unit. Heineken uses the average cost method. Heineken's gross profit for the month of May is

• A) $4,500
• B) $7,500
• C) $9,000
• D) $12,000

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