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The following information relates to Jenson Co.: Manufacturing costs$2,500,000 (all product costs) Units manufactured40,000 Beginning inventory 0 units 35,000 units are sold during the year

The following information relates to Jenson Co.:

Manufacturing costs$2,500,000 (all product costs)

Units manufactured40,000

Beginning inventory 0 units

35,000 units are sold during the year for $100 per unit.

(a) What is the average manufacturing cost per unit?

(b) What is the amount of ending finished goods inventory

(c) What is the gross margin?

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