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On May 1, 2022, Kingbird, Inc. had beginning inventory consisting of 340 units with a unit cost of $8. During May, the company purchased inventory
On 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. Kingbird, Inc.'s gross profit for the month of May is (Round average cost per unit to 2 decimal places, e.g. 12.52.)
$17430.
$9405.
$23940.
$14535.
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