(Solved):At the end of the year, a company offered to buy 4,850 units of a product from X Company for…

 

Question

At the end of the year, a company offered to buy 4,850 units of a product from X Company for $11.00 each instead of the company’s regular price of $18.00 each. The following functional income statement is for the 60,000 units of the product that X Company has already made and sold to its regular customers:

Sales $1,080,000
Cost of goods sold $545,400
Gross

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