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Barrington Products is a merchandiser that sells a single type of specialized industrial chemical. Barrington reported the following information for the year 2012: Sales revenue

Barrington Products is a merchandiser that sells a single type of specialized industrial chemical. Barrington reported the following information for the year 2012:

Sales revenue $280,000

Cost of goods sold $126,000

Operating expenses $135,000

Net income $19,000

Number of units sold 90,000

How much was the unit cost per unit of product sold?

(Please round to nearest cent.)

Your answer:

$1.40

$1.71

$3.11

$0.21

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