Crystal Inc is a merchandiser of stone ornaments The company sold 15,000 units in 2015 The company has provided the following information Sales Revenue $557,000 Purchases (excluding freight in) 300,000 Selling and Administrative Expenses 69,000 Freight In 15,000 Beginning Merchandise Inventory 45,0...

Answer Solution The correct option is A Cost of goods sold ...

Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company

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Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information:

Sales Revenue	$557,000
Purchases (excluding freight in)	300,000
Selling and Administrative Expenses	69,000
Freight In	15,000
Beginning Merchandise Inventory	45,000
Ending Merchandise Inventory	55,700

What is the cost per unit sold?

A) $20.29

B) $15.00

C) $23.88

D) $12.25

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Posted Date: May 19, 2022 07:46 AM

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Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company

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