The Vanity, Inc., had the following inventory transactions in January: 1/1 Purchased 200 units @ $3.00 per unit 1/15 Sold 60 units 1/21 Purchased 100 units @ $5.00 per unit 1/31 Purchased 40 units @ $10.00 per unit Vanity's inventory at the beginning of the month was $400.00 (200 units). What was Vanity's cost per unit at the end of January, using the moving average method? a. $3.00 b. $3.65 c. $4.00 d. $6.00

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A:

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