On May 1, 2022, Splish Brothers Inc. had beginning inventory consisting of 360 units with...
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On May 1, 2022, Splish Brothers Inc. had beginning inventory consisting of 360 units with a unit cost of $8. During May, the company purchased inventory as follows: 720 units at $8 1080 units at $10 The company sold 1800 units during the month for $14 per unit. Splish Brothers Inc. uses the average cost method. Splish Brothers Inc.'s gross profit for the month of May is (Round average cost per unit to 2 decimal places, e.g. 12.52.)
$25200.
$9000.
$16200.
$19440.
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