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April 20, 2014

Homework Help: business

Posted by Andrea on Tuesday, March 20, 2012 at 12:29am.

On December 31 of last year, Wolfson Corporation had in inventory 400 units of its products, which cost $21 per unit to produce. During January, the company produced 800 units at a cost of $24 per unit. Assuming that Wolfson Corporation sold 700 units in January, what was the cost of goods sold (assume FIFO inventory accounting)?

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