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What the value of swifty corporation inventory at may is

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Reference no: EM132999271

At May 1, 2022, Swifty Corporation had beginning inventory consisting of 230 units with a unit cost of $ 5. During May, the company purchased inventory as follows:

460 units at $ 5
680 units at $ 6

Problem 1: The company sold 1140 units during the month for $ 9 per unit. Swifty Corporation uses the average cost method. The value of Swifty Corporation's inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)??

Option 1: $ 1150.
Option 2: $ 1380.
Option 3: $ 1265.
Option 4: $ 7530.

Reference no: EM132999271

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