Wooten & McMahon Enterprises Produces a Product with the Following

Multiple Choice

Wooten & McMahon Enterprises produces a product with the following per-unit costs:

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Last year, Wooten & McMahon Enterprises produced and sold 825 units at a sales price of $74.80 each.Total selling and administrative expense was $24,200.What was the cost of goods sold last year? (Note: Round answer to two decimal places.)

A) $47,500.10
B) $31,597.50
C) $14,250.50
D) $51,000.20