Hopkins Company reported the following information related t…
Hopkins Company reported the following information related to inventory and sales: Units Unit Cost Beginning inventory 1,000 $20 Purchase Number 1 7,000 22 Purchase Number 2 2,000 23 Purchase Number 3 1,000 19 During the year, 6,000 units were sold at $30 per unit. What is the value of amount of Cost of Goods Sold if FIFO is utilized? Do not enter decimals.