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Gluten-tag sells gluten free pretzels. Pretzels cost $1.34 each to manufacture and are sold for $3.31 each. In 2011, Gluten-tag manufactured 2,684 prezels. The company
Gluten-tag sells gluten free pretzels. Pretzels cost $1.34 each to manufacture and are sold for $3.31 each. In 2011, Gluten-tag manufactured 2,684 prezels. The company sold 1,328 pretzels for cash and 1,108 on credit. Fortunately, the unsold pretzels had a shelf life of 200 years and can therefore be sold later. The firm had no other revenues or costs. What did Gluten-tag declare as sales revenues and cost of sales on its income statement for 2011? O a. Sales revenue: $8,063.16, Cost of sales: $3,264.24 O b. Sales revenue: $4,395.68, Cost of sales: $3,264.24 O c. Sales revenue: $4,395.68, Cost of sales: $3,596.56 O d. Sales revenue: $8,063.16, Cost of sales: $3,596.56 O e Sales revenue: $8,884.04, Cost of sales: $3,596.56
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