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What is the cost per light box sold

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Reference no: EM132501799

The following information pertains to Bright Toy Company's operating activities for 2009. The company sells light box toys and sold 10,000 units in 2009.

Purchases                                                   $ 126,000
Selling and Administrative Expenses                     90,000
Merchandise inventory, 1/1/2009                         14,000
Merchandise inventory, 12/31/2009                      10,000
Sales Revenue                                                  250,000

Question 1: What is the cost per light box sold in 2009?

Option 1: 10.40

Option 2: 14.00

Option 3: 12.40

Option 4: 13.00

Reference no: EM132501799

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