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QUESTION 21 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22. Pederson Company reported the...

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QUESTION 21 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22. Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per una Beginning inventory O units ? What is the average manufacturing cost per unit? 1. $40.00 2. $42.55 3. $00.025 4.$75.00 QUESTION 22 What is the amount of ending finished goods inventory? 1.$1,880,000 2. $120,000 3. $225,000 4. $105,000 QUESTION 23 What is the amount of gross profit? 1. $1,750,000 2. $3,525,000 3.$5,405,000 4. $1,645,000 QUESTION 24 Manufacturing sector companies report 1. only merchandise inventory 2. only finished goods inventory 3. direct materials inventory, work-in-process inventory, and finished goods inventory accounts 4. no inventory accounts

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