(Solved):At the end of the year, a company offered to buy 4,520 units of a product from X Company for…

 

Question

At the end of the year, a company offered to buy 4,520 units of a product from X Company for $11.00 each instead of the company’s regular price of $17.00 each.

The following functional income statement is for the 65,500 units of the product that X Company has already made and sold to its regular customers :

Sales $1,113,500
Cost of goods sold $562,645
Gross

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