On May 1, 2022, Heineken Company Had Beginning Inventory Consisting

question 33

Multiple Choice

On May 1, 2022, Heineken Company had beginning inventory consisting of 300 units with a unit cost of $7.During May, the company purchased inventory as follows: 600 units at $7
900 units at $8
The company sold 1,500 units during the month for $12 per unit.Heineken 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:

Charles Darwin

A British naturalist and biologist known for his contributions to the science of evolution and for his proposal that natural selection is the mechanism by which evolution occurs.

Natural Mimicry

The adaptation in which an organism evolves to resemble another successful organism or object in its environment, enhancing its survival.

Behavior Feedback Effect

The phenomenon by which performing certain behaviors can influence our thoughts, feelings, and future behavior.

Middle Finger

The third digit of the hand, located between the index finger and the ring finger, often used in many cultures as a gesture of insult or displeasure.