At the end of January, Mineral Labs had an inventory of 775 units, which cost $12 per

Question:

At the end of January, Mineral Labs had an inventory of 775 units, which cost $12 per unit to produce. During February, the company produced 900 units at a cost of $16 per unit. If the firm sold 1,500 units in February, what was the cost of goods sold?
a. Assume LIFO inventory accounting.
b. Assume FIFO inventory accounting.