Knowles & Foreman Company took the following data from its income statement at the end of the current year:
- How many units were sold during the year?

A) 3,333 units
B) 1,000 units
C) 1,500 units
D) 1,680 units

Question

Knowles & Foreman Company took the following data from its income statement at the end of the current year: 
-  How many units were sold during the year?
 
A) 3,333 units 
B) 1,000 units 
C) 1,500 units 
D) 1,680 units

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
Units sold = Cost of goods sold / Per-unit product cost = $58,800 / $35 = 1,680 units
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Knowles & Foreman Company Took the Following Data from Its