Question: At May 1, 2022, Cheyenne Corp. had beginning inventory consisting of 260 units with a unit cost of $6. During May, the company purchased inventory

At May 1, 2022, Cheyenne Corp. had beginning inventory consisting of 260 units with a unit cost of $6. During May, the company purchased inventory as follows: 530 units at $6 790 units at $7 The company sold 1320 units during the month for $11 per unit. Cheyenne Corp. uses the average cost method. The value of Cheyenne Corp.'s inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, e.g. 12.52.) $1820. $1690. $10270. $1560.

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