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At May 1, 2010, Deitrich Company had beginning inventory consisting of 300 units with a unit cost of $3. During May, the company purchased inventory
At May 1, 2010, Deitrich Company had beginning inventory consisting of 300 units with a unit cost of $3. During May, the company purchased inventory as follows:
| 400 units at $7 |
| 700 units at $10 |
The company sold 470 units during the month for $17 per unit. Deitrich uses the average cost method. The average cost per unit for May is
| A. | $8.91. | |
| B. | $9.31. | |
| C. | $5.29. | |
| D. | $7.64. |
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