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QUESTION 15 Lauer Corporation has provided the following information about one of its laptop computers: Number of Units Cost per Unit Transaction Date 100 $

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QUESTION 15 Lauer Corporation has provided the following information about one of its laptop computers: Number of Units Cost per Unit Transaction Date 100 $ 800 Beginning Inventory 200 $ 900 5/5 Purchase 300 $ 1,000 $ 1,100 8/10 Purchase 200 10/15 Purchase During the year, Lauer sold 750 laptop computers. a) What was ending inventory using the FIFO cost flow assumption? IN MAhaonde calduring the SICA cont flu vacumatinn Click Save All Answers to save all answers. Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 100 $ 800 5/5 Purchase 200 $ 900 8/10 Purchase 300 $ 1,000 10/15 Purchase 200 $ 1,100 During the year, Lauer sold 750 laptop computers. a) What was ending inventory using the FIFO cost flow assumption? b) What was cost of goods sold using the FIFO cost flow assumption? c) What was ending inventory using the LIFO cost flow assumption? d) What was cost of goods sold using the LIFO cost flow assumption? Arial 3 (12pt) S.E.T. T T T T Paragraph Click Save and Submit to save and submit. Click Save AllAnswers to save all answers. El 27

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