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At May 1, 2020, Swifty Company had beginning inventory consisting of 200 units with a unit cost of $6.00. During May, the company purchased inventory
At May 1, 2020, Swifty Company had beginning inventory consisting of 200 units with a unit cost of $6.00. During May, the company purchased inventory as follows: 880 units at $6.00 520 units at $7.60 The company sold 900 units during the month for $14 per unit. Swifty uses the average-cost method. Using three decimals for the unit cost, the value of Swiftys inventory at May 31, 2020 is
$5038.
$6768.
$5938.
$4564.
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