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At May 1,2020, Oriole Company had beginning inventory consisting of 210 units with a unit
cost of $4.30 . During May, the company purchased inventory as follows: 620 units at $4.30 670
units at $10.00 The company sold 1000 units during the month for $12 per unit. Oriole uses the
average cost method. The value of Oriole's inventory at May 31, 2020 is $1998. $3423. $3498.
$5496.

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At May 1-2020- Oriole Company had beginning inventory consisting of 21.pdf

  • 1. At May 1,2020, Oriole Company had beginning inventory consisting of 210 units with a unit cost of $4.30 . During May, the company purchased inventory as follows: 620 units at $4.30 670 units at $10.00 The company sold 1000 units during the month for $12 per unit. Oriole uses the average cost method. The value of Oriole's inventory at May 31, 2020 is $1998. $3423. $3498. $5496.