Blossom Corporation, a manufacturer of ethnic foods, contracted in 2020 to purchase 470 pounds of a spice mixture at $2.35 per pound, delivery to be made in spring of 2021. By 12/31/20, the price per pound of the spice mixture had risen to $2.73 per pound. In 2020, Blossom should recognize No gain or loss. a gain of $178.60. a loss of $1104.50. a loss of $178.60. A. Find the break-even quantity if pens sell for $4 each.
B. At what price must pens be sold to obtain a monthly profit of $17,000, assuming that estimated demand materializes?