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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 110
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 | 110 | $ | 810 | |
5/5 | Purchase | 210 | $ | 910 | |
8/10 | Purchase | 310 | $ | 1,010 | |
10/15 | Purchase | 205 | $ | 1,060 | |
During the year, Lauer sold 775 laptop computers.
What was cost of goods sold using the LIFO cost flow assumption?
Multiple Choice
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$747,000.
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$762,000.
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$755,000.
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$752,353.
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