60.

At May 1, 2017, Vaughn Manufacturing had beginning inventory consisting of 310 units with a unit cost of $7.0. During May, the company purchased inventory as follows: 610 units at $7.0 920 units at $8.0 The company sold 1530 units during the month for $12.0 per unit. Vaughn Manufacturing uses the average cost method. The value of Vaughn Manufacturing's inventory at May 31, 2017 is

$2170.

$2325.

$13800.

$2480.

61. At May 1, 2017, Blue Spruce Corp. had beginning inventory consisting of 350 units with a unit cost of $8.0. During May, the company purchased inventory as follows: 700 units at $8.0 1040 units at $9.0 The company sold 1740 units during the month for $14.0 per unit. Blue Spruce Corp. uses the average cost method. Blue Spruce Corp.'s gross profit for the month of May is

$24360.

$14790.

$9570.

$17760.