Problem:
At the end of January Mineral labs had inventory of 865 units which cost 9 dollars per unit to produce. During Feb the company produced 1350 units at a cost of $13 a unit
Required:
Question 1: If a firm sold 1750 units in feb what was the cost of goods sold?
Question 2: If the firm sold 1750 in Feb What was the cost of goods sold?
Note: Provide support for your underlying principle.