At May 1, 2022, Sheffield Corp. had beginning inventory consisting of 320 units with a...
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Accounting
At May 1, 2022, Sheffield Corp. had beginning inventory consisting of 320 units with a unit cost of $7. During May, the company purchased inventory as follows: 640 units at $7 950 units at $8 The company sold 1590 units during the month for $13 per unit. Sheffield Corp. uses the average cost method. The value of Sheffield Corp.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)
A. $2240.
B. $2560.
C. $14320.
D. $2400.
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