Moving to another question will save this response Question 1 of 20 Question 1 1 points At May 1, 2016, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purchased inventory as follows 800 units at 57 500 units at $9 The company sold 500 units during the month for $12 per unit. Bibby uses the average cost method. bby's gross profit for the month of May Is CSLO 1, CSLO 4 12.167 $2,000 $1,500