Kentucky, Inc. purchases and sells widgets. The following information summarizes the company's operating activities for the year:

Selling and Administrative Expenses	$ 5 comma 500$5,500
Purchases	158 comma 000158,000
Sales Revenue	784 comma 000784,000
Merchandise Inventory, January 1	2 comma 4502,450
Merchandise Inventory, December 31	38 comma 40038,400

If the company sold

7 comma 0007,000

units of widgets during the year, how much is the cost for one widget? (Round your answer to the nearest cent.)

A.

$ 22.92$22.92

B.

$ 5.84$5.84

C.

$ 22.57$22.57

D.

$ 17.44$17.44