The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1700 units @ $3.00First purchase @ May 7800 units @ $3.20Second purchase @ May 171000 units @ $3.30Third purchase @ May 23600 units @ $3.40Sales @ May 312400 units @ $4.90If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded) for May?
A. $3.29
B. $3.23
C. $4.90
D. $3.18
Answer: B
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