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At the end of January, Sytematico had an inventory of 770 units, which cost $15 per unit to produce. During February the company produced 1,700
At the end of January, Sytematico had an inventory of 770 units, which cost $15 per unit to produce. During February the company produced 1,700 units at a cost of $18 per unit. If Sytematico sold 2,200 units in February, what was its cost of goods sold?
(Show all your working and calculations)
a. Assume average cost inventory accounting. (Do not round intermediate calculations. Round your answers to nearest whole dollar.)
b. Assume FIFO inventory accounting.
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