At the end of January, Mineral Labs had an inventory of 945 units, which cost $11 per unit to produce. During February the company produced 1,750 units at a cost of $15 per unit. a. If the firm sold 2,550 units in February, what was the cost of goods sold?
b. If the firm sold 2,550 units in February, what was the cost of goods sold?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.