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

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Finance

Lauer Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 160 $ 860 5/5 Purchase 260 $ 960 8/10 Purchase 360 $ 1,060 10/15 Purchase 230 $ 1,110 During the year, Lauer sold 900 laptop computers. What was ending inventory using the FIFO cost flow assumption? Multiple Choice $121,600. $122,100.

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