For the most recent period, Zidan Company earned sales of $120,000 and a gross margin of $30,000. If the selling price per unit was $4, what is the product cost per unit?

Name: For the most recent period, Zidan Company earned sales of $120,000 and a gross margin of $30,000. If the selling price per unit was $4, what is the product cost per unit?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sales - GM = COGS; $120,000 - $30,000 = $90,000; $120,000/$4 per unit = 30,000 units; $90,000/30,000 units = $3

For the Most Recent Period, Zidan Company Earned Sales of $120,000