At the end of january, mineral labs had an inventory of 925 units, which cost $9 per unit to produce. during february the company produced 1,650 units at a cost of $13 per unit. a. if the firm sold 2,350 units in february, what was the cost of goods sold? (assume lifo inventory accounting.) b. if the firm sold 2,350 units in february, what was the cost of goods sold? (assume fifo inventory accounting.)

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: