At the end of the year, a company offered to buy 4,840 units of a product from X Company for $11.00 each instead of the company's regular price of $17.00 each. The following income statement is for the 65,600 units of the product that X Company has already made and sold to its regular customers:
Cost of goods sold
Selling and administrative costs
For the year, fixed cost of goods sold were $129,232, and fixed selling and administrative costs were $66,256. The special order product has some unique features that will require additional material costs of $0.77 per unit and the rental of special equipment for $3,500.
4. Profit on the special order would be
Answer is given below
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