Figure 2-7

question 159

Multiple Choice

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

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Definitions:

Annelids

A phylum of invertebrate worms known for their segmented bodies, such as earthworms and leeches.

Specialized

Adapted or suited for a specific purpose or function.

Nauplius Larva

A nauplius larva is the first larval stage of many crustaceans, characterized by its simple structure and three pairs of appendages.

Crustaceans

Members of a subphylum that includes lobsters, crabs, shrimp, barnacles, and their relatives.