Five Seasons is a merchandiser of packed foods.The company provides the following information for the year 2015: How much was the unit cost per unit of product sold?

Question

Five Seasons is a merchandiser of packed foods.The company provides the following information for the year 2015:  How much was the unit cost per unit of product sold?

Quizplus · Accepted Answer

The unit cost per unit of product sold can be calculated using the formula: Cost of goods sold / Number of units sold. From the given information, we know that the cost of goods sold is $193,000 and the number of units sold is 83,000. Therefore, the unit cost per unit of product sold is $193,000 / 83,000 = $2.33. Therefore, the best choice is C.

Five Seasons Is a Merchandiser of Packed Foods