Crabapples Inc If Crabapples Sold 5,000 Boxes of Dry Fruits During the Information

Multiple Choice

Crabapples Inc. purchases and sells dry fruit boxes. The following information summarizes its operating activities for 2015: $$\begin{array} { | l | r | } \hline \text { Selling Expenses } & \$ 9,375 \\\hline \text { Inventory on December 31, 2015 } & 32,500 \\\hline \text { Inventory on January 1, 2015 } & 46,875 \\\hline \text { Purchases of merchandise } & 84,375 \\\hline \text { Rent for store } & 12,500 \\\hline \text { Sales commissions } & 7,031 \\\hline \text { Sales revenue } & 168,750 \\\hline\end{array}$$ 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