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What is the cost per box of dry fruits

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Reference no: EM132081727

Question - Crabapples Inc. purchases and sells dry fruit boxes. The following information summarizes its operating activities for 2015:
Selling Expenses $9,375

Inventory on December 31, 2015 32,500

Inventory on January 1, 2015 46,875

Purchases of merchandise 84,375

Rent for store 12,500

Sales commissions 7,031

Sales revenue 168,750

If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits?

A) $72.28

B) $32.75

C) $10.55

D) $19.75

Reference no: EM132081727

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