Problem 4-11 (Algo) Cost of goods sold-FIFO [LO4-2] On December 31 of last year, Wolfson Corporation had in inventory 420 units of its product, which cost $19 per unit to produce. During January, the company produced 820 units at a cost of $22 per unit. Assuming that Wolfson Corporation sold 740 units in January, what was the cost of goods sold? (Assume FIFO inventory accounting.) Answer is complete but not entirely correct. Cost of goods sold $ 15,499

Problem 4-11 (Algo) Cost of goods sold-FIFO [LO4-2] On December 31 of last year, Wolfson Corporation had in inventory 420 units of its product, which cost $19 per unit to produce. During January, the company produced 820 units at a cost of $22 per unit. Assuming that Wolfson Corporation sold 740 units in January, what was the cost of goods sold? (Assume Fifo inventory acccunting) Answer is complete but not entirely correct. Cont of goods sold