Nikkel Corporation, a merchandising company, reported the following results for July:

Sales	$402,800
Cost of Goods Sold (100% variable)	$169,100
Total variable selling expense	$17,100
Total fixed selling expense	$14,200
Total variable administrative expense	$7,600
Total fixed administrative expense	$30,100

Calculate the gross margin for July:

Question 13 options:

	$333,800
	$209,000
	$358,000
	$233,700

Question 14 (5 points)

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GHI Corporation uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below:

	Units	% Complete (DM)
WIP, May 1	9,500	65%
Transferred in from prior dept	30,500
Completed and transferred out	30,000
WIP, May 31	10,000	50%

The accounting records indicate that the material cost that had been assigned to beginning WIP was $18,000, and a total of $238,900 in material costs were incurred in the department during May. The cost per equivalent unit for materials for May is:

Question 14 options:

	$7.34
	$6.43
	$9.72
	$8.56