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Hill & Scott Company makes financial calculators. During the current year, Hill & Scott manufactured...

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Accounting

Hill & Scott Company makes financial calculators. During the current year, Hill & Scott manufactured 106,700 financial calculators. Finished goods inventory had the following units on hand:
January 1: 1,386 units
December 31: 1,144 units
If each financial calculator had a per-unit product cost of $130, what was the cost of goods sold in the current year?
$13,902,460
$10,864,000
$11,005,120
$10,839,360
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