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During its first year of operations, Connor Company paid $49,990 for direct materials and $19,700 in wages for production workers. Lease payments and utilities on
During its first year of operations, Connor Company paid $49,990 for direct materials and $19,700 in wages for production workers. Lease payments and utilities on the production facilities amounted to $8,700. General, selling, and administrative expenses were $9,700. The company produced 6,700 units and sold 5,700 units for $16.70 a unit. The average cost to produce one unit is which of the following amounts?
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$10.30
$11.70
$13.15
$13.75
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