Figure 2-5 -Refer to Figure 2-5

question 47

Multiple Choice

Figure 2-5.In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 for the month. Information on inventories was as follows:
$\begin{array}{lcc}&\text { July } 1&\text { July } 31\\\text { Materials } & \$ 6,200 & \$ 7,100 \\\text { Work in process } & \$ 700 & \$ 1,200 \\\text { Finished goods } & \$ 3,300 & \$ 2,700\end{array}$
-Refer to Figure 2-5. If Econo Company sold 10,000 units during July and gross margin totaled $29,800, what was the sales price per unit?

• A) $9.94
• B) $10.00
• C) $10.09
• D) $10.11

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Definitions:

Peristalsis

The series of wave-like muscle contractions that move food through the digestive tract.

Mass Colonic Peristalsis

The coordinated contraction and relaxation of colon muscles that moves content through the colon.

Defecate

The natural process of expelling feces from the body's rectum and anus as part of the digestive system's waste elimination.

Loop Colostomy

A surgical procedure in which a loop of the large intestine is brought through the abdominal wall to create a stoma for waste to exit the body.