Question

1)At the end of January, Mineral Labs had an inventory of 885 units, which cost $11 per unit to produce. During February, the company produced 1,450 units at a cost of $15 per unit.
a.If the firm sold 1,950 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)
  Cost of goods sold$   
b.If the firm sold 1,950 units in February, what was the cost of goods sold? (Assume FIFO inventory accounting.)
  Cost o

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