Silver Crafts,Inc If the Company Sold 7900 Units of Bracelets During the Operating

Multiple Choice

Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $$\begin{array} { | l | r | } \hline \text { Selling and Administrative Expenses } & \$ 5300 \\\hline \text { Purchases } & 157,000 \\\hline \text { Sales Revenue } & 785,000 \\\hline \text { Merchandise Inventory, January 1 } & 2350 \\\hline \text { Merchandise Inventory, December 31 } & 38,350 \\\hline\end{array}$$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

A) $19.87
B) $15.32
C) $20.17
D) $5.15