Question
Zippy company manufactured 10,000 units in December with a total product cost of $25,329 They had zero finished goods inventory at the start of
Zippy company manufactured 10,000 units in December with a total product cost of $25,329 They had zero finished goods inventory at the start of December. In December Zippy sold 7,439 units at a unit price of $5.21. Period expenses were $3,423. What is the amount of Zippy's gross profit (otherwise know as gross margin).? Round any intermediate calculations to four decimal places.
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