Answer:
Gross profit= $28,374.68
Explanation:
Giving the following information:
Zippy company manufactured 10,000 units in December.
Total product cost of $26,215
They had zero finished goods inventory at the start of December.
In December Zippy sold 7,525 units at a unit price of $5.53.
Period expenses were $3,777.
Unitary cost= 26215/10000= $2.6215
Gross profit= revenues - cost of goods sold
Gross profit= revenues - (cost of manufactured goods- ending finished goods inventory)
Gross profit= (7525*5.53) - (2.6215*7525 - 2.6215*2475)
Gross profit= $28,374.68
