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Problem 4 - 1 1 ( Algo ) Cost of goods sold - FIFO [ LO 4 - 2 ] On December 3 1 of

Problem 4-11(Algo) Cost of goods sold-FIFO [LO4-2]
On December 31 of last year, Wolfson Corporation had in inventory 430 units of its product, which cost $20 per unit to produce. During January, the company produced 830 units at a cost of $23 per unit.
Assuming that Wolfson Corporation sold 760 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.)
\table[[Cost of goods sold,$,28,120]]
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