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At May 1, 2020, Bonita Company had beginning inventory consisting of 170 units with a unit cost of $5.60. During May, the company purchased inventory
At May 1, 2020, Bonita Company had beginning inventory consisting of 170 units with a unit cost of $5.60. During May, the company purchased inventory as follows: 850 units at $5.60 580 units at $8.00 The company sold 1110 units during the month for $11 per unit. Bonita uses the average-cost method. The average-cost per unit for May is $7.600. $6.470. $5.600. $6.600
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