Crabapples, Inc. purchases and sells boxes of dried fruit. The following informa

Question

Crabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating acivities for the year Selling Expenses Merchandise Inventory on December 31 Merchandise Inventory on January 1 Purchases of merchandise Rent for store Sales comnissions Sales revenue S9,600 32,000 46,100 85,000 12,200 7,400 167,500 What is the cost per box of dry fruits if Crabapples sold 4,000 boxes of dry fruit during the year? (Round your answer to the nearest cent.) OA. $8.00 O B. $24.78 O C. $41.88 O D. $32.78

Explanation / Answer

COST PER BOX = $99,100/4,000 = $24.78

MERCHANDISE INVENTORY ON JANUARY 1 $46,100 PURCHASES OF MERCHANDISE $85,000 MERCHANDISE INVENTORY ON DECEMBER 31 ($32,000) COST OF GOODS SOLD $99,100

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