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At May 1, 2018, Crane Company had beginning inventory consisting of 250 units with a unit cost of $4.60. During May the company purchased inventory

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At May 1, 2018, Crane Company had beginning inventory consisting of 250 units with a unit cost of $4.60. During May the company purchased inventory as follows: 730 units at $4.60 520 units at $7.00 The company sold 1000 units during the month for $14 per unit. Crane uses the average cost method. Crane's gross profit for the month of May is $7943. $8443. $8568. $8514

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