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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
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 110 210 310 205 A A A A Cost per Unit $ 810 $ 910 $ 1,010 $ 1,060 During the year, Lauer sold 775 laptop computers. What was ending inventory using the FIFO cost flow assumption
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