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2. Pedro Company manufactures stereos. During the year, Fedro manufactured 60,000 stereos at a sales price of $750 per unit. Pedro's product cost per-unit was

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2. Pedro Company manufactures stereos. During the year, Fedro manufactured 60,000 stereos at a sales price of $750 per unit. Pedro's product cost per-unit was $600 and selling and administrative expenses totaled $2.150,000. If $8,000 stereos were produced and sold, calculate the gross margin. a. 58,100,000 b. $8,000,000 c. $7.490,000 d. $8,700,000

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