Crystal Ltd Is a Retailer of Stone Ornaments What Is the Cost Per Unit Sold?
A) $23

Multiple Choice

Crystal Ltd is a retailer of stone ornaments.The company sold 15,200 units in 2017.The company has provided the following information:
$$\begin{array} { | l | l | } \hline \text { Sales revenue } & \$ 554,000 \\\hline \text { Purchases (excluding freight in) } & 290,000 \\\hline \text { Selling and administrative expenses } & 68,000 \\\hline \text { Freight in } & 14,000 \\\hline \text { Beginning inventory } & 49,000 \\\hline \text { Ending inventory } & 53,400 \\\hline\end{array}$$
What is the cost per unit sold?

A) $23.22
B) $20.00
C) $16.49
D) $19.71