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Lauer Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers ber of Units Cost per Unit
Lauer Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers ber of Units Cost per Unit $800 $900 $1,000 $1.050 Date ransactio L1l 5/5 8/10 10/15 Beginning Inventory Purchase Purchase Purchase 100 200 300 200 During the year, 750 laptop computers were sold What was cost of goods sold using the LIFO cost flow assumption? $717,500 O $730,000 O $703,125 O $725,500
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