At May 1, 2022, Kibbee Company Had Beginning Inventory Consisting

question 4

Multiple Choice

At May 1, 2022, 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 value of Kibbee's inventory at May 31, 2022 is

• A)$3,000.
• B)$4,425.
• C)$4,500.
• D)$7,500.