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Kentucky,Inc If the Company Sold 7,900 Units of Widgets During the Activities

question 176

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Kentucky,Inc.purchases and sells widgets.The following information summarizes the company's operating activities for the year:  Selling and Administrative Expenses $5,300 Purchases 157,000 Sales Revenue 785,000 Merchandise Inventory, January 1 2,350 Merchandise Inventory, December 31 38,350\begin{array} { | l | r | } \hline \text { Selling and Administrative Expenses } & \$ 5,300 \\\hline \text { Purchases } & 157,000 \\\hline \text { Sales Revenue } & 785,000 \\\hline \text { Merchandise Inventory, January 1 } & 2,350 \\\hline \text { Merchandise Inventory, December 31 } & 38,350 \\\hline\end{array} If the company sold 7,900 units of widgets during the year,how much is the cost for one widget? (Round your answer to the nearest cent. )

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Definitions:

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Examinations that assess an individual's competencies in a particular field, often required to attain professional certification.

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The compensation received by employees for their labor, typically expressed per hour, day, or unit of productivity.

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