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hapter 5-8 0 Saved Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10

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hapter 5-8 0 Saved Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 300 400 500 300 Cost per Unit $ 1,000 $ 1,100 $ 1,200 $ 1,250 During the year, Lauer sold 1,250 laptop computers. What was cost of goods sold using the LIFO cost flow assumption? Multiple Choice $1,402,500. ) $1,410,500 $1 410

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