Question - Crabapples Inc. purchases and sells dry fruit boxes. The following information summarizes its operating activities for 2015:
Selling Expenses $9,375
Inventory on December 31, 2015 32,500
Inventory on January 1, 2015 46,875
Purchases of merchandise 84,375
Rent for store 12,500
Sales commissions 7,031
Sales revenue 168,750
If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits?
A) $72.28
B) $32.75
C) $10.55
D) $19.75