Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured 50,000 Units sold 44,000 units sold...

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Question

Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured 50,000 Units sold 44,000 units sold...

Pederson Company reported the following:

Manufacturing costs	$2,500,000
Units manufactured	50,000
Units sold	44,000	units sold for $75 per unit
Beginning inventory	0	units

What is the amount of gross profit margin?

business accounting

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Answer 1

Answer #1

Cost per unit = Manufacturing cost / Units manufactured

= $2,500,000 / 50,000

= $50

Gross profit margin = (Selling price - Cost per unit) X Units sold

= ($75 - $50) X 44,000

= $1,100,000

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Answer 2

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