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Lauer Corporation 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

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Lauer Corporation 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 120 220 320 210 Cost per Unit S 820 $ 920 1,020 $ 1,070 $ During the year, Lauer sold 800 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? Multiple Choice $785,000 o $794,500 o $783,356

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