At May 1, 2011, Deitrich Company Had Beginning Inventory Consisting $€ 3.50$

question 74

Multiple Choice

At May 1, 2011, Deitrich Company had beginning inventory consisting of 100 units with a unit cost of $€ 3.50$ . During May, the company purchased inventory as follows:

200 units at $€ 3.50$
300 units at $€ 4.00$

The company sold 500 units during the month for $€ 6$ per unit. Deitrich uses the average cost method. Deitrich's gross profit for the month of May is

• A) € 1,125 .
• B) € 1,875 .
• C) € 2,250 .
• D) € 3,000 .

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Definitions:

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Currency Requirement

A stipulation for the type of currency that must be used in a financial transaction or agreement.

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