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

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 cent.)

Selling and Administrative Expenses 5300

Purchases 156000

Sales Revenue 783000

Merchandise Inventory, January 1 2300

Merchandise Inventory, December 31 38800

A. 22.29

B. 17.07

c. 22.61

D. 5.87