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Figure 2-7

Question 159

Multiple Choice

Figure 2-7. Gateway Company produces a product with the following per-unit costs:
Figure 2-7. Gateway Company produces a product with the following per-unit costs: Last year,Gateway produced and sold 750 units at a sales price of $68 each.Total selling and administrative expense was $22,000. Refer to Figure 2-7.Cost of goods sold last year was? A) $47,500 B) $25,500 C) $14,250 D) $51,000 Last year,Gateway produced and sold 750 units at a sales price of $68 each.Total selling and administrative expense was $22,000.
Refer to Figure 2-7.Cost of goods sold last year was?


A) $47,500
B) $25,500
C) $14,250
D) $51,000

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