question archive The following information is available for a company’s cost of sales over the last five months
The following information is available for a company’s cost of sales over the last five months
Subject:AccountingPrice: Bought3
The following information is available for a company’s cost of sales over the last five months.MonthUnits soldCost of salesJanuary400$31,000February800$37,000March1,600$49,000April2,400$61,000Using the high-low method, the estimated variable cost of sales per unit sold is:$25.42$77.50$34.23$15.00$30.62
