Five Seasons Is a Merchandiser of Packed Foods How Much Was the Unit Cost Per Item of Product

question 190

Multiple Choice

Five Seasons is a merchandiser of packed foods. The company provides the following information for the year: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 145,000 \\\hline \text { Cost of Goods Sold } & 64,000 \\\hline \text { Operating Expenses } & 67,000 \\\hline \text { Net Income } & 14,000 \\\hline \text { Number of Units Sold } & 29,000 \\\hline\end{array}$$ How much was the unit cost per item of product sold? (Round your answer to the nearest cent.)

• A) $4.52
• B) $5.00
• C) $2.21
• D) $100.48

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Definitions:

Active RFID Codes

Radio-frequency identification tags that have their own power source, allowing them to transmit data over longer distances than passive RFID tags.

Track

To monitor or follow the progress or movement of an object, individual, or trend over time.

Pencils

Pencils are writing instruments that use graphite (or a similar substance) encased in wood or a composite material to mark surfaces, primarily paper.

Passive RFID Codes

Tags that do not contain their own power source but are activated and powered by the radio frequency energy from the RFID reader.