River, Inc. provided the following summary for May: Beginning inventory consisted of 200 units costing $400. 5/1 Purchased 200 units @$3.00 per unit 5/15 Sold 40 units 5/21 Purchased 300 units @$5.00 per unit 5/31 Purchased 40 units @ $10.00 per unit What was River's cost per unit at the end of May, using the moving average method?

Answer rating: 100% (QA)

To calculate the cost per unit at the end of May using the moving average method we need to compute ... View the full answer