Figure 2-5.\ In July, Econo Company purchased materials costing

$21,000

and incurred direct labor cost of

$18,000

.\ Overhead totaled

$32,000

for the month. Information on inventories was as follows:\ July

1,

July 31\ Materials\

$6,200

\

$7,100

\ Work in process\ 700\ 1,200\ Finished goods\ 3,300\ 2,700\ Refer to Figure 2-5. If Econo Company sold 10,000 units during July and gross margin totaled

$29,800

, what was the sales price per unit?\

$10.09

\

$9.94

\

$10.11

\

$10.00

Figure 2-5. In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 for the month. Information on inventories was as follows: Refer to Figure 2-5. If Econo Company sold 10,000 units during July and gross margin totaled $29,800, what was the sales price per unit? $10.09 \$9.94 $10.11 $10.00