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On December 31 of last year, Wolfson Corporation had 720 units in inventory of its product, which cost $16 per unit to produce. During January,
On December 31 of last year, Wolfson Corporation had 720 units in inventory of its product, which cost $16 per unit to produce. During January, the company produced 1,090 units at a cost of $19 per unit.
Assuming Wolfson Corporation sold 1,220 units in January, what was the cost of goods sold (assume FIFO inventory method)?
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