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

question 188

Multiple Choice

Crabapples,Inc.purchases and sells boxes of dried fruit.The following information summarizes its operating activities for the year: $$\begin{array} { | l | r | } \hline \text { Selling Expenses } & \$ 9,800 \\\hline \text { Merchandise Inventory on December 31 } & 34,000 \\\hline \text { Merchandise Inventory on January 1 } & 46,200 \\\hline \text { Purchases of merchandise } & 84,000 \\\hline \text { Rent for store } & 12,900 \\\hline \text { Sales commissions } & 7,400 \\\hline \text { Sales revenue } & 161,500 \\\hline\end{array}$$
What is the cost per box of dry fruits if Crabapples sold 4,000 boxes of dry fruit during the year? (Round your answer to the nearest cent.)

• A) $8.50
• B) $40.38
• C) $32.55
• D) $24.05

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Definitions:

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