Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows:
Refer to Figure 2-5.If Econo Company sold 10,000 units during July and gross margin totaled $29,800,what was the sales price per unit?

Question

Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows:
 Refer to Figure 2-5.If Econo Company sold 10,000 units during July and gross margin totaled $29,800,what was the sales price per unit?

Quizplus · Accepted Answer

The Answer of Figure 2-5. In July,Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000.Overhead totaled $32,000 for the month.Information on inventories was as follows:
 Refer to Figure 2-5.If Econo Company sold 10,000 units during July and gross margin totaled $29,800,what was the sales price per unit?