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What is the cost per unit that should be reflected

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Question - The Department of Agriculture (DA) purchased five (5) units of E-Jeepney from ABC Motors, Inc. for a total purchase price of 5,280,000. At that time, ABC Motors has promotional sales of "Buy 5 take one free" that an additional unit E-Jeepney costing 450,000 will be given away as promotional item. The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA for the purchase of the motor vehicles?

Reference no: EM133080415

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