On December 31 of last year Wolfson Corporation had an inventory of 450 units of its product which cost 22 per unit to produce. During January the company produced 850 units at a cost of 25 per unit.?

On December 31, Wolfson Corporation had an inventory of 450 units valued at $22 each, totaling $9,900. In January, the company produced 850 additional units at a higher cost of $25 each, amounting to $21,250. Thus, by the end of January, the total inventory would include 1,300 units, with a combined cost of $31,150.