On May 1, 2022, Skysong, Inc. had beginning inventory consisting of 250 units with a unit cost of $6. During May, the company purchased inventory as follows:

▪ 490 units at $6
▪ 740 units at $7

The company sold 1230 units during the month for $10 per unit. Skysong, Inc. uses the average cost method. Skysong, Inc.'s gross profit for the month of May is:

Gross profit = $4,305

Explanation:

The average cost per unit  is the total cost of the goods available for sale divided by the total units of goods available

Average cost  per unit=

= (250× 6)  + (490 × 6) + (740 at $7 )/ (250 +490 + 740)

=$6.5

Cost of golds sold = 1,230 ×6.5 = 7995

Gross profit = Sales Revenue - Cost of goods sold

                     = (1230 × 10) -  7,995

                     = $4,305

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~