Question: Answer the following question(s) using the information below. The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units manufactured 30,000 Units sold 29,500 units
Answer the following question(s) using the information below.
The following information pertains to Alleigh's Mannequins:
Manufacturing costs
$1,500,000
Units manufactured
30,000
Units sold
29,500 units sold for $85 per unit
Beginning inventory
0 units
38) What is the average manufacturing cost per unit?
A) $50.00
B) $50.85
C) $17.65
D) $85.00
E) $49.50
39) What is the amount of ending finished goods inventory?
A) $42,500
B) $24,750
C) $25,000
D) $25,425
E) $42,500
40) What is the amount of gross margin?
A) $1,475,000
B) $1,500,000
C) $1,047,250
D) $1,032,500
E) $1,007,425
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