question archive Five Seasons is a merchandiser of packed foods
Five Seasons is a merchandiser of packed foods
Subject:ManagementPrice:2.87 Bought7
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.)
$ 4.52
$ 2.21
$ 5.00
$100.48
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Answer:
cost per good sold= cost of goods sold/no of units sold
=64000/29000
=$2.21
operating expences are not form part of cost of goods sold
