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Find What is the unit cost per item sold

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Dakota, Inc. is a merchandiser of medallions. The company sold 15,100 units during the year. The company has provided the following information:

Sales Revenue                                            $558,000

Purchases (excluding Freight In)                    ?280,000

Selling and Administrative Expenses                  66,000

Freight In                                                     ?13,000

Beginning Merchandise Inventory                       ?52,000

Ending Merchandise Inventory                           ?54,900

Question 1: What is the unit cost per item sold? (Round your answer to the nearest cent.)

Option A. $22.85

Option B. $15.77

Option C. $19.40

Option D. $19.21

Reference no: EM132550773

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