Answered: Hyuga Traders reported the following…

Hyuga Traders reported the following financial data for August: Cost of Goods Sold (COGS) = $84,000 Gross Margin = $36,000 ➤ Units Sold = 12,000 What was the sales price per unit? Answer: $10

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Solve this accounting problem

Hyuga Traders reported the following
financial data for August:
Cost of Goods Sold (COGS) = $84,000
Gross Margin = $36,000
➤ Units Sold = 12,000
What was the sales price per unit?
Answer: $10

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