What is the unit product cost of a blender? How many blenders are produced and sold? How can we calculate the total cost of goods sold?
The unit product cost of a blender is $24. 900 blenders are produced and 849 blenders are sold. To calculate the total cost of goods sold, we need to find the number of blenders unsold. Subtract the number of blenders sold (849) from the number of blenders produced (900) to get 51 unsold blenders. Then, multiply the unit product cost ($24) by the number of unsold blenders (51) to find the total cost of goods sold.
Calculating Total Cost of Goods Sold
Unit Product Cost: $24
Number of Blenders Produced: 900
Number of Blenders Sold: 849
Number of Blenders Unsold: 900 - 849 = 51
Total Cost of Goods Sold: $24 * 51 = $1224
To calculate the total cost of goods sold, we start by finding the number of blenders unsold, which is 51 in this case. By multiplying the unit product cost of $24 by the number of unsold blenders, we arrive at the total cost of goods sold, which is $1224.