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Crabapples,Inc What Is the Cost Per Box of Dry Fruits If

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Crabapples,Inc.purchases and sells boxes of dried fruit.The following information summarizes its operating activities for the year:  Selling Expenses $10,000 Merchandise Inventory on December 31 32,000 Merchandise Inventory on January 1 46,000 Purchases of merchandise 82,500 Rent for store 12,700 Sales commissions 7100 Sales revenue 168,000\begin{array} { | l | r | } \hline \text { Selling Expenses } & \$ 10,000 \\\hline \text { Merchandise Inventory on December 31 } & 32,000 \\\hline \text { Merchandise Inventory on January 1 } & 46,000 \\\hline \text { Purchases of merchandise } & 82,500 \\\hline \text { Rent for store } & 12,700 \\\hline \text { Sales commissions } & 7100 \\\hline \text { Sales revenue } & 168,000 \\\hline\end{array} What is the cost per box of dry fruits if Crabapples sold 4000 boxes of dry fruit during the year? (Round your answer to the nearest cent.)


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Reporting Period

A specific duration of time for which financial activities and performance are recorded and reported.

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Categories of funds used by governments to account for financial resources devoted to specific purposes other than business-type activities.

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Refers to the liquid assets available to a company for use in its immediate or short-term operations, including cash and other assets that can be quickly converted into cash.

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