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On May 1, 2022, Kiwi Kaleidoscopes Co. had beginning inventory consisting of 300 units with a unit cost of $7. During May, the company purchased

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On May 1, 2022, Kiwi Kaleidoscopes Co. had beginning inventory consisting of 300 units with a unit cost of $7. During May, the company purchased inventory as follows 600 units at $7 900 units at $8 The company sold 1,500 units during the month for $12 per unit. Bits and Bites uses the average-cost method. The average cost per unit for May is 57.00 57.50 58.00 d. 57.50

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