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At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16 per unit to produce. During February the company
At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16 per unit to produce. During February the company produced 850 units at a cost of $19 per unit. If the firm sold 1,100 units in February, what was its cost of goods sold (assume LIFO inventory accounting)?
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