While the company sells 1684000 units of the mechanic component A

and 810000 units of the mechanic component B in January of year 23,

the company produces 1684000 units of the mechanic component A and

795000 units of the mechanic component B in the same month.

The direct material costs related to the cost center Material are EUR

1500000, the direct labor costs related to the cost center

Production I are EUR 120000, and the direct labor costs related to cost

center Production II are EUR 670000 in January

of year 23.

The opening inventory contains 50000 units of product B valued at EUR 5.40 per unit (under absorption costing) at the beginning of January of

year 23. The company applies the LIFO method for inventory

valuation.

Calculate the cost of goods sold under absorption costing for January of year 23 (in EUR)!

Note: Please round your results to 2 decimal places!