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At May 1, 2022, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory
At May 1, 2022, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows: 800 units at $7 600 units at $8 The company sold 1.000 units during the month for $12 per unit. Kibbee uses the average cost method. The value of Kibbee's inventory at May 31, 2022 is O $3000 O $4500 $4425 O $7500
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