Dakota, Inc What Is the Unit Cost Per Item Sold? (Round Your

Multiple Choice

Dakota, Inc. is a merchandiser of medallions. The company sold 15,100 units during the year. The company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 558,000 \\\hline \text { Purchases (excluding Freight In) } & 280,000 \\\hline \text { Selling and Administrative Expenses } & 66,000 \\\hline \text { Freight In } & 13,000 \\\hline \text { Beginning Merchandise Inventory } & 52,000 \\\hline \text { Ending Merchandise Inventory } & 54,900 \\\hline\end{array}$$ What is the unit cost per item sold? (Round your answer to the nearest cent.)

A) $19.21
B) $15.77
C) $22.85
D) $19.40