When the fixed costs are $120,000 and the contribution margin is $20, the break-even point is
A) 16,000 units
B) 8,000 units
C) 7,998 units
D) 6,000 units
D
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Ronald, Inc
had the following balances and transactions during 2017: Beginning Merchandise Inventory 15 units at $90 March 10 Sold 13 units June 10 Purchased 30 units at $87 October 30 Sold 25 units What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic weighted-average inventory costing method? (Round the unit costs to two decimal places and total costs to the nearest dollar.) A) $104 B) $87 C) $373 D) $616