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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

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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 of Units 280 380 480 290 Cost per Unit $ 980 $ 1,080 $ 1,180 $ 1,230 During the year, Lauer sold 1,200 laptop computers. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $225,400. Multiple Choice $225,400 $245,400. $282.900 $282,400

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