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Lab-201 × / Course Home Take a Test -firas atawneh-Google Chrome a Secure https://www.mathxl.com/Student/Player Test.aspx2testld-1767565168centerwin-yes ACCT2302-Online-Sp2018 fira Quiz: Ch16-Quiz This Question: 1 pt 6 of 20 Five Seasons is a merchandiser of packed foods. The company provides the following information for the year Sales Revenue Cost of Goods Sold Operating Expenses 142.000 63,000 69,500 9,500 20,000 n e edia Net Income Number of Units Sold er How much was the unilt cost per item of product sold? (Round your answer to the nearest cent.) mic es OA. $7.10 B. S10048 c. s663 D. $3.15

Solution

Cost of goods sold/Number of units sold.

COGS=$63000 Given

Number of units Sold= 20000 Given

D) = $63,000 / 20,000 = $3.15

$3.15 is the cost per item sold