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The Vanity, Inc., had the following inventory transactions in January: 1/1 Purchased 200 units @ $3.00 per unit 1/15 Sold 60 units 1/21 Purchased 100

The Vanity, Inc., had the following inventory transactions in January:

1/1

Purchased 200 units @ $3.00 per unit

1/15

Sold 60 units

1/21

Purchased 100 units @ $5.00 per unit

1/31

Purchased 40 units @ $10.00 per unit

Vanity's inventory at the beginning of the month was $400.00 (200 units). What was Vanity's cost per unit at the end of January, using the moving average method?

a.

$3.00

b.

$3.65

c.

$4.00

d.

$6.00

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