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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: During the year, Lauer sold 1,000

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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: During the year, Lauer sold 1,000 laptop computers. What was ending inventory using the LIFO cost flow assumption? $155,000. $172,000. $135,000. $172, 500

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