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Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 180 280 380 240 Cost per Unit $ 880 $ 980

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Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 180 280 380 240 Cost per Unit $ 880 $ 980 $ 1,080 $ 1,130 During the year, Lauer sold 950 laptop computers. What was ending inventory using the LIFO cost flow assumption? Multiple Choice $134,400 $146,900 $146,400 $114.400

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