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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 950

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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 950 laptop computers. What was cost of goods sold using the LIFO cost flow assumption? $980, 259. $1, 000, 000. $967, 500. $975, 500

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