Quizzes - Accounting 2020 X L Sho e s X - YouTube X Homework Mail napsu.edu/d2/ims/quizzing/user/attempt/quiz start frame auto.d217ou8038560&isprv&deco&i=82173368cfl-Odnb Chapter 22 Quiz Time Limit: 0:20:00 Time Left:0:18:31 Zaylon Pirtle: Attempt 1 Question 4 (17 points) Mugs4U sells 1,000 stainless steel coffee mugs per day at an average price of $30. Assume that Mugs4U's cost for the coffee mugs is 75% of the selling price it charges retail customers. Mug4U has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses include: rent which equals $25 per day and miscellaneous expenses which are 2% of sales. What is Mugs4U total sales & administrative expenses for the next 7-day week? $4,675 $195 $315 $4,375