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

question 83

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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