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On December 31 of last year, Wolfson Corporation had in inventory 440 units of its product, which cost $21 per unit to produce. During January,
On December 31 of last year, Wolfson Corporation had in inventory 440 units of its product, which cost $21 per unit to produce. During January, the company produced 840 units at a cost of $24 per unit.
Assuming that Wolfson Corporation sold 780 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.) cost of good sold_____________________
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