Kentucky, Inc. purchases and sells widgets. The following information summarizes the company's operating activities for the year Selling and Administrative Expenses $5,300 Purchases 156,000 Sales Revenue 783.000 Merchandise Inventory january 1 Merchandise inventory, December 31 38.800 if the company sold 7.000 units of widgets during the year, how much is the cost for one widget? (Round your answer to the nearest cient 2.300