Rubric, Inc. provided the following inventory transaction summary for May:

In addition, it has been determined that Rubric's inventory at the beginning of the month was $400.00 (200 units). What was Rubric's cost per unit at the end of May, using the moving average method?
A) $3.00
B) $2.00
C) $4.00
D) $6.00

Question

Rubric, Inc. provided the following inventory transaction summary for May:

In addition, it has been determined that Rubric's inventory at the beginning of the month was $400.00 (200 units). What was Rubric's cost per unit at the end of May, using the moving average method?
A) $3.00 
B) $2.00 
C) $4.00 
D) $6.00

Quizplus · Accepted Answer

The Answer of Rubric, Inc. provided the following inventory transaction summary for May:

In addition, it has been determined that Rubric's inventory at the beginning of the month was $400.00 (200 units). What was Rubric's cost per unit at the end of May, using the moving average method?
A) $3.00 
B) $2.00 
C) $4.00 
D) $6.00