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Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction...

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Accounting

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Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 120 220 320 210 Cost per Unit $ 820 $ 920 $ 1,020 $ 1,070 During the year, Lauer sold 800 laptop computers. What was cost of goods sold using the LIFO cost flow assumption? Multiple Choice $777,000. $785,000. $794,500 $783,356

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