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26 August, 06:39

Five Seasons is a merchandiser of packed foods. The company provides the following information for the year: Sales Revenue $ 156 comma 000 Cost of Goods Sold 66 comma 000 Operating Expenses 67 comma 500 Net Income 22 comma 500 Number of Units Sold 20 comma 000 How much was the unit cost per item of product sold? (Round your answer to the nearest cent.) A. $ 6.68 B. $ 7.80 C. $ 3.30 D. $ 101.13

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  1. 26 August, 07:36
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    The correct answer is C.

    Explanation:

    Giving the following information:

    Sales Revenue $156,000

    Cost of Goods Sold $66,000

    Operating Expenses $67,500

    Net Income $22,500

    Number of Units Sold 20,000

    To calculate the unitary cost of product sold we need to divide the total cost of goods sold by the number of units sold:

    Unitary COGS = Total cogs/number of units

    Unitary COGS = 66,000/20,000 = $3.3 per unit
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