Question

The unit product cost of a blender is $24. If 900 blenders are produced and 849 blenders are sold, the total cost of goods sold is $___>

Answer 1

To calculate the total cost of goods sold, subtract the number of blenders sold from the number of blenders produced and then multiply by the unit product cost.

Step-by-step explanation:

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. Multiply the unit product cost ($24) by the number of unsold blenders (51) to find the total cost of goods sold: $24 * 51 = $<<24*51=1224>>1224.