At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16

Question:

At the end of January, Higgins Data Systems had an inventory of 600 units, which cost $16 per unit to produce. During February the company produced 850 units at a cost of $19 per unit. If Higgins sold 1,100 units in February, what was its cost of goods sold?
a. Assume average cost inventory accounting.
b. Assume FIFO inventory accounting.

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