Silver Crafts, Inc. purchases and sells bracelets. The following information summarizes the company's operating activities for the year: Selling and Administrative Expenses Purchases Sales Revenue Merchandise Inventory, January 1 Merchandise Inventory, December 31 $4,500 158,000 784,000 2,500 38,350 If the company sold 7,500 units of bracelets during the year, how much is the cost for one bracelet? (Round your answer to the nearest cent.) O A. $21.07 O B. $5.45 O C. $21.40 O D. $16.29