Lease payments and utilities on the production

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Reference no: EM13922106

During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. The average cost to produce one unit is which of the following amounts?

$20.00

$16.00

$18.40

$25.00

Reference no: EM13922106

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