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At the end of January, Higgins Data Systems had an inventory of 640 units, which cost $15 per unit to produce. During February the
At the end of January, Higgins Data Systems had an inventory of 640 units, which cost $15 per unit to produce. During February the company produced 930 units at a cost of $18 per unit. If the firm sold 1,140 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold
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