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At the end of January, Higgins Data Systems had an inventory of 760 units, which cost $13 per unit to produce. During February, the company produced 1,170 units at a cost of $16 per unit. If the firm

At the end of January, Higgins Data Systems had an inventory of 760 units, which cost $13 per unit to produce. During February, the company produced 1,170 units at a cost of $16 per unit.

If the firm sold 1,260 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.)

 

Apr 08 2020 Read more Less More

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