Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | }
\hline \text { Selling and Administrative Expenses } & \$ 5,300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2,350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7,900 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )
A)$19.87
B)$15.32
C)$20.17
D)$5.15

Question

Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } 
\hline \text { Selling and Administrative Expenses } & \$ 5,300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2,350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7,900 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )
A)$19.87
B)$15.32
C)$20.17
D)$5.15

Quizplus · Accepted Answer

The Answer of Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } 
\hline \text { Selling and Administrative Expenses } & \$ 5,300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2,350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7,900 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )
A)$19.87
B)$15.32
C)$20.17
D)$5.15

Kentucky,Inc If the Company Sold 7,900 Units of Widgets During the Activities