Lancaster Corporation has provided the following information about one of its laptop computers: 26 5.5 points Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 140 240 340 220 Cost per Unit $ 840 $ 940 $ 1,040 $ 1,090 8 02:50:44 During the year, Lancaster sold 850 laptop computers. eBook What was cost of goods sold using the LIFO cost flow assumption? Multiple Choice $838,500 $861,000. 220 $ 1,090 During the year, Lancaster sold 850 laptop computers. 5.5 points What was cost of goods sold using the LIFO cost flow assumption? 8 02:50:34 Multiple Choice eBook $838,500 $861,000. $846,500. $846,926 Dracut has provided the following year-end balances: 27 5.5 points 8 02:50:13 Cash, $20,000 Patents, $8,200 Accounts receivable, $9,200 Property, plant, and equipment, $99,200 Prepaid insurance, $4.900 Accumulated depreciation, $12,000 Inventory, $47,000 Retained earnings, 15,500 Trademarks, $13,900 Accounts payable, $8,000 Goodwill, $12,000 eBook How much are Dracut's current assets? Multiple Choice $111,900 points How much are Dracut's current assets? 02:50:02 Multiple Choice eBook $111,900 $93,100 $76,200 $81,100