Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year:

If the company sold 7,000 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )
A)$22.29
B)$17.07
C)$22.61
D)$5.87

Question

Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year:

If the company sold 7,000 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )
A)$22.29 
B)$17.07 
C)$22.61 
D)$5.87

Quizplus · Accepted Answer

B)
 11ea8a42_4f83_496d_8b44_6f73a851fbb8_TB5024_00 Unit cost per item = $119,500 / 7,000 units = $17.07