Solution-Find out cost of goods sold-mineral labs

Find out cost of goods sold-mineral labs

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Reference no: EM132621796

At the end of January, Mineral Labs had an inventory of 795 units, which cost $8 per unit to produce. During February the company produced 1,000 units at a cost of $12 per unit.

a. If the firm sold 1,700 units in February, what was the co b. If the firm sold 1,700 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.) st of goods sold? (Assume LIFO inventory accounting.)

Reference no: EM132621796

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Find out cost of goods sold-mineral labs

Reference no: EM132621796

Reference no: EM132621796

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