Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | }
\hline \text { Selling and Administrative Expenses } & \$ 5300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

Question

Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } 
\hline \text { Selling and Administrative Expenses } & \$ 5300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

Quizplus · Accepted Answer

The Answer of Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } 
\hline \text { Selling and Administrative Expenses } & \$ 5300 \
\hline \text { Purchases } & 157,000 \
\hline \text { Sales Revenue } & 785,000 \
\hline \text { Merchandise Inventory, January 1 } & 2350 \
\hline \text { Merchandise Inventory, December 31 } & 38,350 \
\hline
\end{array}$$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

Silver Crafts,Inc If the Company Sold 7900 Units of Bracelets During the Operating