Chapter 2, Problem 15MCQ

Use the following information for Multiple- Choice Questions 2-13 through 2-18:

Last year, Barnard Company incurred the following costs:

Barnard produced and sold 10,000 units at a price of $31 each.

2-15 Refer to the information for Barnard Company on the previous page. The cost of goods sold per unit is

1. a. $7.00.
2. b. $20.00.
3. c. $15.00.
4. d. $5.00.
5. e. $27.60.