Question
Directions : In addition to the customjobs, the Raleigh Shirt Company sold 1,100 basic shirts(assume the beginning balance in Finished Goods Inventory is sufficient to
Directions :
In addition to the customjobs, the Raleigh Shirt Company sold 1,100 basic shirts(assume the beginning balance in Finished Goods Inventory is sufficient to make thesesales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred thismonth). If the company set the sales price at 125% of thecost, determine the sales price perunit, total salesrevenue, total cost of goodssold, and total gross profit for the basic shirts.
How to calculate the sales price per unit ( per basic shirt) if the basic shirt were 1100?
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