iRobots annual report data indicates the number of units shi

iRobot\'s annual report data indicates the number of units shipped in 2015. Compute average unit cost of goods sold for 2015.

Income Statement for iRobot Sales Cost of Goods Sold Gross Margin 12/31/1612/31/15 660,604$616,778 327,852 319,315$288,926 341,289 Operating Expenses: Research and Development Selling & Marketing General and Admin 76,071 97,772 54,465 $261,758 $228,308 79,805 115,125 66,828 Total Operating Expenses Operating Income Other income 57,557 60,618 3,804 2,353 $61,361$62,971 Income Before Taxes 18,841 $41,939$44,130 2,436 Income Tax Expense 19,422 Net Income Units Shipped (sold) 2,943

Solution

average unit cost of goods sold for 2015 = cost of goods sold (2015) / units shipped (2015) = 327852 / 2436 = $3.2785 = $3.28