At May 1, 2016, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $9. During May, the company purchased inventory as follows: 800 units at $9 600 units at $10 The company sold 1,000 units during the month for $12 per unit. Bibby uses the average cost method. The cost of goods sold for May is Select one: a. $7,375. b. $8,000. O c. $7,000. O d. $9,375. Jindows EC hp 2 13 C f4 10 f5 f6D 17 f8 A 19 f10 E3 F11 # $ % 3 5 & 89 7 7 8 8 W E R TY Y U b. 1