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Minnetonka, Inc. is a merchandiser of stone ornaments. The company sold 15,400 units during the year. The company has provided the following information: Sales Revenue
Minnetonka, Inc. is a merchandiser of stone ornaments. The company sold 15,400 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $552,000 290,000 69,000 13,000 49,000 55,000 What is the unit cost per item sold? (Round your answer to the nearest cent.) O A. $16.10 B. OC. OD. $19.29 $19.68 $22.86
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