At May 1, 2020, Waterway Company had beginning inventory consisting of 190 units with a...
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Accounting
At May 1, 2020, Waterway Company had beginning inventory consisting of 190 units with a unit cost of $ 7.00. During May, the company purchased inventory as follows: 810 units at $ 7.00 500 units at $ 10.00 The company sold 860 units during the month for $ 13 per unit. Waterway uses the average cost method. The value of Waterways inventory at May 31, 2020 is
$ 8890.
$ 5120.
$ 5195.
$ 3695.
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