Question
Gluten-tag sells gluten free pretzels. Pretzels cost $1.47 each to manufacture and are sold for $3.93 each. In 2011 Gluten-tag manufactured 2,836 prezels. The company
Gluten-tag sells gluten free pretzels. Pretzels cost $1.47 each to manufacture and are sold for $3.93 each. In 2011 Gluten-tag manufactured 2,836 prezels. The company sold 1,184 pretzels for cash and 1,377 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: $11,145.48, Cost of sales: $4,168.92.Ob. sales revenue: $10,064.73, Cost of sales: $4,168.92Oc. Sales revenue: $4,653.12, Cost of sales: $4,168.92O d. Sales revenue: $10,064.73, Cost of sales: $3,764.67O e. Sales revenue: $4,653.12, Cost of sales: $3,764.67
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