At May 1, 2022, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7.During May, the company purchased inventory as follows: The company sold 1,000 units during the month for $12 per unit.Kibbee uses the average cost method.Kibbee's gross profit for the month of May is

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At May 1, 2022, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7.During May, the company purchased inventory as follows:  The company sold 1,000 units during the month for $12 per unit.Kibbee uses the average cost method.Kibbee's gross profit for the month of May is

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The Answer of At May 1, 2022, Kibbee Company had beginning inventory consisting of 200 units with a unit cost of $7.During May, the company purchased inventory as follows:  The company sold 1,000 units during the month for $12 per unit.Kibbee uses the average cost method.Kibbee's gross profit for the month of May is

At May 1, 2022, Kibbee Company Had Beginning Inventory Consisting