Cam's Pets

Income Statement

Year Ended December 31, 2016

Revenue:

Sales Revenue

$58,000

Cost of Goods Sold:

Beginning Merchandise Inventory

$15,100

Purchases of Merchandise Inventory

29,000

Cost of Goods Available for Sale

44,100

Ending Merchandise Inventory

(10,400)

Cost of Goods Sold

33,700

Gross Profit

24,300

Selling and Administrative Expenses:

Utilities Expense

3,700

Sales Commissions Expense

2,950

Rent Expense

4,900

Total Selling and Administrative Expenses

11,550

Operating Income (Loss)

$12,750

Cam's pets sold 5,450 units. Determine the unit cost of the merchandise sold, rounded to the nearest cent.

1. Cost per Unit=