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At the end of January, Higgins Data Systems had an inventory of 730 units, which cost $11 per unit to produce. During February the company
At the end of January, Higgins Data Systems had an inventory of 730 units, which cost $11 per unit to produce. During February the company produced 1,500 units at a cost of $14 per unit. Higgins sold 1,900 units in February. Assume FIFO inventory accounting. What is the cost of the beginning inventory in February? What is the cost of the units produced and sold in February? What is the cost of goods sold in February
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