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At May 1, 2022, Vaughn Manufacturing had beginning inventory consisting of 310 units with a unit cost of $7. During May, the company purchased inventory as follows:
610 units at $7920 units at $8
Problem 1: The company sold 1530 units during the month for $12 per unit. Vaughn Manufacturing uses the average cost method. The value of Vaughn Manufacturing's inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.)
Option 1: $2480. Option 2: $2170. Option 3: $2325. Option 4: $13800.
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