Minnetonka,Inc.is a merchandiser of stone ornaments.The company sold 15,600 units during the year.The company has provided the following information:

What is the unit cost per item sold? (Round your answer to the nearest cent. )
A)$19.58
B)$16.57
C)$23.14
D)$20.13

Question

Minnetonka,Inc.is a merchandiser of stone ornaments.The company sold 15,600 units during the year.The company has provided the following information:

What is the unit cost per item sold? (Round your answer to the nearest cent. )
A)$19.58 
B)$16.57 
C)$23.14 
D)$20.13

Quizplus · Accepted Answer

A)
 11ea8a42_4f83_2259_8b44_f5758bf2e1f3_TB5024_00 Cost per unit sold = $305,500 / 15,600 units = $19.58