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The following information is for Ivanhoe Inc. for the year 2022:
Manufacturing costs $ 2,989,200
Number of gloves manufactured 318,000
pairsBeginning inventory 0pairs
Sales in 2022 were 316,700 pairs of gloves for $ 20 per pair.
Problem 1: What is the cost of goods sold for 2022? (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)
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