On December 31 of 2022, Tkaronto Corp. had 750 units in inventory of its product, which...

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On December 31 of 2022, Tkaronto Corp. had 750 units in inventory of its product, which cost $15 per unit to produce. During January 2023, the company produced 1000 units at a cost of $17 per unit. Assuming Tkaronto Corp. sold 1350 units in January, what was the cost of goods sold for the month? Assume average cost method. Please pay attention to formatting requirements. Blank 1: Average cost per unit (please enter plain number (without $) rounded to 2- decimals) Blank 2: Cost of Goods Sold for January 2023 (plain number rounded to full numbers (no decimals), no $, no comma) Blank 3: Would you expect the Cost of Goods Sold to be higher, lower, or the same if calculated with the FIFO inventory method? (format: enter either "higher", "lower" or "same") Blank #1 Blank #2 Blank # 3 On December 31 of 2022, Tkaronto Corp. had 750 units in inventory of its product, which cost $15 per unit to produce. During January 2023, the company produced 1000 units at a cost of $17 per unit. Assuming Tkaronto Corp. sold 1350 units in January, what was the cost of goods sold for the month? Assume average cost method. Please pay attention to formatting requirements. Blank 1: Average cost per unit (please enter plain number (without $) rounded to 2- decimals) Blank 2: Cost of Goods Sold for January 2023 (plain number rounded to full numbers (no decimals), no $, no comma) Blank 3: Would you expect the Cost of Goods Sold to be higher, lower, or the same if calculated with the FIFO inventory method? (format: enter either "higher", "lower" or "same") Blank #1 Blank #2 Blank # 3

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