1_ May 1, 2012, Yeart had beginning inventory consisting of 100 units with a unit cost of $10. During May, the company purchased inventory as follows: 200 units at $10 300 units at $8 The company sold 500 units during the month for $15 per unit. Yeart uses the average cost method. The average cost per unit for May is?

2- Davis Corporation began the year with retained earnings of $340,000 and recorded expenses of $1,200,000, revenue of $3,200,000 and paid dividends of $80,000. What is ending retained earnings for the year? 0 1) $2,260,000 () 2) $2,340,000 ) 3) $2,000.000 4) $1,270,000

3- Financial information is presented below: Operating Expenses $ 45.000 Sales Revenue 150.000 Cost of Goods Sold 90,000 Gross profit would be 1) $ 60,000. 2) $ 15.000. ( 3) $105,000 4) $ 45.000

Please answer all the questions, and TYPE the answers. NO handwriting!