Business
Business, 25.03.2020 02:02, 01222002

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 240 $ 940 5/5 Purchase 340 $ 1,040 8/10 Purchase 440 $ 1,140 10/15 Purchase 270 $ 1,190 During the year, Lauer sold 1,100 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

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