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Item 4 Item 4 Acme Inc. is a merchandise reseller that provided the following information: Amount Number of units sold 13,000 Selling price per unit
Item 4
Item 4
Acme Inc. is a merchandise reseller that provided the following information:
| Amount | ||
| Number of units sold | 13,000 | |
| Selling price per unit | $ | 16 |
| Variable selling expense per unit | $ | 1 |
| Variable administrative expense per unit | $ | 2 |
| Total fixed selling expense | $ | 19,000 |
| Total fixed administrative expense | $ | 15,000 |
| Beginning merchandise inventory | $ | 9,000 |
| Ending merchandise inventory | $ | 23,000 |
| Merchandise purchases | $ | 87,000 |
What is the company's gross margin for the period?
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