4) 52 of 55 (0 complete) ? | This Test: 150 pts possib This Question: 2 pts Dako

Question

4) 52 of 55 (0 complete) ? | This Test: 150 pts possib This Question: 2 pts Dakota, Inc. is a merchandiser of medallions. The company sold 15,100 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $558,000 280,000 66,000 13,000 52,000 54,900 What is the unit cost per item sold? (Round your answer to the nearest cent.) OA. $19.21 OB. $19.40 OC. $15.77 OD. $22.85

Explanation / Answer

Cost of items sold = (280000+13000+52000-54900) = $290100 Unit cost per item sold = 290100/15100 = $19.21 Option A is correct

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