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A company produces one product and uses process costing. It provides the following for the month of April: Units completed (finished) in April: 2000 Units
A company produces one product and uses process costing. It provides the following for the month of April:
Units completed (finished) in April: | 2000 |
Units sold in April | 1900 |
Cost per equivalent unit in April: | $5.42 |
At the beginning of April, there were 247 units in beginning Finished Goods Inventory, with an assigned product cost of $5.25 each. If the company uses FIFO (first-in-first-out) to value Finished Goods Inventory, what will Cost of Goods Sold be for April? (Round all intermediate calculations and the final answer to the nearest dollar and cents.)
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