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Cost of goods sold - Barton Air Filters

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On December 31 of last year, Barton Air Filters had in inventory 600 units of its product, which costs $28 per unit to produce. During January, the company produced 1,200 units at a cost of $32 per unit. Assuming Barton Air Filters sold 1,500 units in January, what was the cost of goods sold (assume FIFO inventory accounting)?

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This solution demonstrates through a simple equation and step by step explanation how to compute the cost of goods sold.

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