At the end of january, mineral labs had an inventory of 895 units, which cost $12 per unit to produce. during february the company produced 1,500 units at a cost of $16 per unit. a. if the firm sold 2,050 units in february, what was the cost of goods sold? (assume lifo inventory accounting.)

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine