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Minnetonka, Inc. is a merchandiser of stone ornaments. The company sold 15,100 units during the year. The company has provided the following information:

Sales Revenue   $558,000
Purchases (excluding Freight In)   280,000
Selling and Administrative Expenses   66,000
Freight In   13,000
Beginning Merchandise Inventory   52,000
Ending Merchandise Inventory   54,900

What is the unit cost per item sold? (Round your answer to the nearest cent.)
A) $22.85
B) $15.77
C) $19.40
D) $19.21
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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ok
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thank you
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