At the end of January, Higgins Data Systems had an inventory of 8 0 0 units, which
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Question:
At the end of January, Higgins Data Systems had an inventory of units, which cost $ per unit to produce. During February the company produced units at a cost of $ per unit. If Higgins sold units in February, what was its cost of goods sold?
a Assume average cost inventory accounting. Do not round intermediate calculations. Round your answers to nearest whole dollar.
Cost of goods sold $
b Assume FIFO inventory accounting.
Cost of goods sold
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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