give me this Financial Accounting answer Atlas Manufacturing had the following data for August:•Cost of goods sold: $85,000•Units sold: 12,500•Gross margin: $40,000Calculate the sales price per unit.

Step 1: Define Sales Price per UnitThe sales price per unit represents the amount at which each unit…

Answered: Atlas Manufacturing had the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Atlas Manufacturing had the following data for August: • Cost of goods sold: $85,000 • Units sold: 12,500 • Gross margin: $40,000 Calculate the sales price per unit.