On december 31st of last year, wolfson corporation had in inventory 400 units of its product, which cost $21 per unit to produce. during january, the company produced 800 units at a cost of $24 per unit. assuming wolfson corporation sold 700 units in january, what was the cost of goods sold for the units sold in january (assume fifo inventory accounting)?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.