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What the value of novak corp inventory at may is

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Problem 1: At May 1,2022, Novak Corp. had beginning inventory consisting of 370 units with a unit cost of $9. During May. the company purchased inventory as follows: - 730 units at $9 - 1100 units at $10 The company sold 1830 units during the month for $15 per unit. Novak Corp. uses the average cost method. The value of Novak Corp.‘s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, 8.3. 12.52.)

Option 1: $3515.

Option 2: $3330.

Option 3: $20900.

Option 4: $3700.

Reference no: EM132654808

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