Multiple Choice Question 77 At May 1, 2018, Concord Company had beginning inventory consisting of 170 units with a unit cost of $9.00. During May, the company purchased inventory as follows: 730 units at $9.00 700 units at $7.40 The company sold 910 units during the month for $10 per unit. Concord uses the average cost method. Concord's gross profit for the month of May is $1422 $1493. $922 $1547