Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85
Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced Number of Units Sold Cost of Goods Manufactured Cost of Goods Sold Sales Revenue Gross Profit 152,000 62,000 $268,000 52,900 130,000 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) $0.86 $1.76 $4.32 $0.85
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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![Hernando Manufacturing, Inc. reported the following information for the year:
Number of Units Produced
Number of Units Sold
Cost of Goods Manufactured
Cost of Goods Sold
Sales Revenue
Gross Profit
152,000
62,000
$268,000
52,900
130,000
72,940
Operating Expense
727,000
What was the unit product cost? (Round your answer to the nearest cent.)
$0.86
$1.76
$4.32
$0.85](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17e4ca0d-e907-48c5-9b1c-d76e58500abb%2Fcf3c5936-548a-4d3e-9e2a-8c4672483399%2Fmlsk28t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Hernando Manufacturing, Inc. reported the following information for the year:
Number of Units Produced
Number of Units Sold
Cost of Goods Manufactured
Cost of Goods Sold
Sales Revenue
Gross Profit
152,000
62,000
$268,000
52,900
130,000
72,940
Operating Expense
727,000
What was the unit product cost? (Round your answer to the nearest cent.)
$0.86
$1.76
$4.32
$0.85
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