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6) 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
6) 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
100
$800
5/5
Purchase
200
$900
8/10
Purchase
300
$1,000
10/15
Purchase
200
$1,100
During the year, Lauer sold 750 laptop computers.
What was ending inventory using the LIFO cost flow assumption?
A) $40,000.
B) $45,000.
C) $55,000.
D) $60,000.
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