In what situations might hospital administrators have to weigh the financial needs of the hospital against the health care needs of the community? Why is it important to have a balanced understanding of business knowledge and new medical developments? What kinds of challenges do you think hospital administrators face?

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?