Five Seasons is a merchandiser of packed foods
The company provides the following information for the year:
Sales Revenue $145,000
Cost of Goods Sold 64,000
Operating Expenses 67,000
Net Income 14,000
Number of Units Sold 29,000
How much was the unit cost per item of product sold? (Round your answer to the nearest cent.)
A) $4.52
B) $5.00
C) $2.21
D) $100.48
C .C) = $64,000 / 29,000 = $2.21
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