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At May 1, 2022, Kingbird, Inc. had beginning inventory consisting of 340 units with a unit cost of $8. During May, the company purchased inventory
At May 1, 2022, Kingbird, Inc. had beginning inventory consisting of 340 units with a unit cost of $8. During May, the company purchased inventory as follows: - 680 units at $8 - 1030 units at $9 The company sold 1710 units during the month for $14 per unit. Kingbird, Inc. uses the average cost method. The value of Kingbird, Inc.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.) $3060. $2720. $17430. $2890
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