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On December 31 of last year, Wolfson Corporation had in inventory 540 units of its product, which cost $21 per unit to produce. During


 

On December 31 of last year, Wolfson Corporation had in inventory 540 units of its product, which cost $21 per unit to produce. During January, the company produced 940 units at a cost of $24 per unit. Assuming that Wolfson Corporation sold 980 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.) Cost of goods sold

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