At May 1, 2022, Pina Colada Corp. had beginning inventory consisting of 330 units with...
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Accounting
At May 1, 2022, Pina Colada Corp. had beginning inventory consisting of 330 units with a unit cost of $8. During May, the company purchased inventory as follows:
660 units at $8
990 units at $9
The company sold 1650 units during the month for $13 per unit. Pina Colada Corp. uses the average cost method. The value of Pina Colada Corp.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)
$2970.
$2640.
$16830.
$2805.
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