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MC Qu. 2-60 The following income statements are provided... The following income statements are provided for Li Company's last two years of operation: Year 2
MC Qu. 2-60 The following income statements are provided... The following income statements are provided for Li Company's last two years of operation: Year 2 3,000 $101,500 $87,600 60,600 27,600 12,600 $ 20,50e $15,000 Year 1 Number of units produced and sold Sales revenue Cost of goods sold Gross margin General, selling, and administrative expenses Net income 3,500 68,00D 33,500 13,600 Assuming that cost behavior did not change over the two-year period, what is the amount of the company's variable cost of goods sold per unit? Multiple Choice $12.00 per unit $16.00 per unit $22.00 per unit None of these
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