200 $7 300 units at $3 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: The company sold 500 units during the month for $12 per unit. Kibbee uses the average cost method. Kibbee's gross profit for the month of May is $2,250.00. $3,750.00. $3,787.50. $4,500.00. at Score:21/25