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At the end of January, Mineral Labs had an inventory of 915 units, which cost $8 per unit to produce. During February, the company produced

At the end of January, Mineral Labs had an inventory of 915 units, which cost $8 per unit to produce. During February, the company produced 1,600 units at a cost of $12 per unit.

a. If the firm sold 2,250 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)

b. If the firm sold 2,250 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.)

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