Question
On December 31 of last year, Wolfson Corporation had in inventory 410 units of its product, which cost $18 per unit to produce. During January,
On December 31 of last year, Wolfson Corporation had in inventory 410 units of its product, which cost $18 per unit to produce. During January, the company produced 810 units at a cost of $21 per unit.
Assuming that Wolfson Corporation sold 720 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
