Question
At the end of January, Higgins Data Systems had an inventory of 770 units, which cost $14 per unit to produce. During February, the company
At the end of January, Higgins Data Systems had an inventory of 770 units, which cost $14 per unit to produce. During February, the company produced 1,190 units at a cost of $17 per unit.
| If the firm sold 1,270 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) |
| Cost of goods sold | $ |
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
