1. Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Number Cost per Date Transaction Unit $800 $900 $1,000 $1,100 of Units 100 5/5 Purchase 200 8/10 Purchase 10/15 Purchase 300 200 During the year, Lauer sold 750 laptop computers. (a) What was ending inventory and cost of goods sold using the FIFO cost flow assumption? (b) What was ending inventory and cost of goods sold using the LIFO cost flow assumption Page 1 of 3 19 of 335 words English (United S