Star Manufacturing reported cost of goods sold of $95,000. If they sold 15,000 units during September and achieved a gross margin of $45,000, what was the sales price per unit?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...
icon
Related questions
Question

please solve this question General accounting question

Star Manufacturing reported cost of goods sold of
$95,000. If they sold 15,000 units during September and
achieved a gross margin of $45,000, what was the sales
price per unit?
Transcribed Image Text:Star Manufacturing reported cost of goods sold of $95,000. If they sold 15,000 units during September and achieved a gross margin of $45,000, what was the sales price per unit?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning