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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Number of Units Date Transaction Cost
Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Number of Units Date Transaction Cost per Unit 11 Beginning Inventory 5/5 810 10/15 25 $950 Purchase Purchase Purchase $ 1,050 S110 During the year, Lauer sold 875 laptop computers. What was ending inventory using the FIFO cost flow assumption? o $110,000 O $85,000 O $105.000 O $109.500
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