Moodle X F Question 7 Not yet answered Marked out of 6.00 Flag question On 1 May 2021, Treeline Company had beginning inventory consisting of 100 units with a unit cost of $6.5. During May, the company had the following inventory transactions: 5 May 2015 12 May 2015 20 May 2015 purchased 200 units at $7 sold 250 units at $11.5 purchased 300 units at $8 Treeline uses the average cost method for valuing inventories. a. Find the value of ending inventory as of 31 May 2021 using the AVCO method of inventory valuation. (4 marks) b. Find the gross profit for the month of May 2021. (2 marks) A BI (a) AVCO method of inventory valuation DATE PURCHASES SALES BALANCE X