Question

During its first year of operations, Connor Company paid $48,360 for direct materials and $19,600 in...

During its first year of operations, Connor Company paid $48,360 for direct materials and $19,600 in wages for production workers. Lease payments and utilities on the production facilities amounted to $8,600. General, selling, and administrative expenses were $9,600. The company produced 6,600 units and sold 5,600 units for $16.60 a unit. The average cost to produce one unit is which of the following amounts?

The following information relates to the operations of Cruz Manufacturing during the current year:

Raw materials used

$

9,100

Direct labor wages

29,100

Sales salaries and commissions

24,100

Depreciation on production equipment

1,910

Rent on manufacturing facilities

14,100

Packaging and shipping supplies

2,910

Sales revenue

94,100

Units produced and sold

9,100

Selling price per unit

$

18.00

    
Based on this information, what is the company's cost of goods sold?

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