Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information: Sales Revenue $557,000 Purchases (excluding freight in) 300,000 Selling and Administrative Expenses 69,000 Freight In 15,000 Beginning Merchandise Inventory 45,000 Ending Merchandise Inventory 55,700 What is the cost per unit sold? A) $20.29 B) $15.00 C) $23.88 D) $12.25
Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information: Sales Revenue $557,000 Purchases (excluding freight in) 300,000 Selling and Administrative Expenses 69,000 Freight In 15,000 Beginning Merchandise Inventory 45,000 Ending Merchandise Inventory 55,700 What is the cost per unit sold? A) $20.29 B) $15.00 C) $23.88 D) $12.25
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information:
Sales Revenue |
$557,000 |
Purchases (excluding freight in) |
300,000 |
Selling and Administrative Expenses |
69,000 |
Freight In |
15,000 |
Beginning Merchandise Inventory |
45,000 |
Ending Merchandise Inventory |
55,700 |
What is the cost per unit sold?
- A) $20.29
- B) $15.00
- C) $23.88
- D) $12.25
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