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Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85

Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85

FINANCIAL ACCOUNTING
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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Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85
Transcribed Image Text:Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85
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