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18. At May 1, 2017, Heineken Company had beginning inventory consisting of 300...

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Question

Accounting

18.

At May 1, 2017, Heineken Company 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. Heineken uses the average cost method. The value of Heineken's inventory at May 31, 2017 is

A)

$2,100

B)

$2,250

C)

$2,400

D)

$13,500

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