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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 Cost per Unit 220 $ 920 320 $ 1,020 420 $ 1,120 260 $ 1,170 During the year, Lauer sold 1,050 laptop computers. What was ending inventory using the LIFO cost flow assumption? Multiple Choice $198,400. $156,400. $198,900. $176,400
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