Minnetonka,Inc What Is the Unit Cost Per Item Sold? (Round Your

question 136

Multiple Choice

Minnetonka,Inc.is a merchandiser of stone ornaments.The company sold 15,100 units during the year.The company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 558,000 \\\hline \text { Purchases (excluding Freight In) } & 280,000 \\\hline \text { Selling and Administrative Expenses } & 280,000 \\\hline \text { Freight In } & 66,000 \\\hline \text { Beginning Merchandise Inventory } & 13,000 \\\hline \text { Ending Merchandise Inventory } & 52,000 \\\hline\end{array}$$ What is the unit cost per item sold? (Round your answer to the nearest cent. )

• A)$19.21
• B)$15.77
• C)$22.85
• D)$19.40

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Definitions:

Personality Disturbances

Patterns of behavior or thinking that deviate significantly from the norms of the individual's culture, causing distress or impaired functioning.

Inferiority

A feeling of lower status or self-worth compared to others, often discussed in the context of social comparison and psychological theories.

Alfred Adler

An Austrian medical doctor and psychotherapist, known for founding the school of individual psychology which emphasizes the importance of the feeling of inferiority in the development of personality.

Unconscious Mind

Part of the mind that contains desires, memories, and knowledge that are beyond conscious awareness but still influence behavior.