Five Seasons is a merchandiser of packed foods

Subject:ManagementPrice:2.87 Bought7

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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