Figure 2-7. Gateway Company produces a product with the following per-unit costs:
Last year,Gateway produced and sold 750 units at a sales price of $68 each.Total selling and administrative expense was $22,000.
Refer to Figure 2-7.Cost of goods sold last year was?
A)$47,500
B)$25,500
C)$14,250
D)$51,000

Question

Figure 2-7. Gateway Company produces a product with the following per-unit costs:
 Last year,Gateway produced and sold 750 units at a sales price of $68 each.Total selling and administrative expense was $22,000.
Refer to Figure 2-7.Cost of goods sold last year was?
A)$47,500 
B)$25,500 
C)$14,250 
D)$51,000

Quizplus · Accepted Answer

The Answer of Figure 2-7. Gateway Company produces a product with the following per-unit costs:
 Last year,Gateway produced and sold 750 units at a sales price of $68 each.Total selling and administrative expense was $22,000.
Refer to Figure 2-7.Cost of goods sold last year was?
A)$47,500 
B)$25,500 
C)$14,250 
D)$51,000