1.33 points Save At May 1, 2013, Kibbee Company had beginning inventory consisting of 100 units with a unit cost of $7. During May, the company purchased inventory as follows: 200 units at $7 300 units at $8 The company sold 550 units during the month for $12 per unit. Kibbee uses the average cost method. Kibbee's gross profit for the month of May is OA $3,750.00 $4,500.00 c. $2,250.00 D. $2,475.00