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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers:

Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 300 $1,000
5/5 Purchase 400 $1,100
8/10 Purchase 500 $1,200
10/15 Purchase 300 $1,250

During the year, Lauer sold 1,250 laptop computers. What was ending inventory using the LIFO cost flow assumption?

A. $312,500.

B. $270,000.

C. $312,000.

D. $250,000.

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