Lauer Corporation uses the periodic inventory system and has provided the following information about one...
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Accounting
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 210 $910 5/5 Purchase 310 $1,010 8/10 Purchase 410 $1,110 10/15 Purchase 255 $1,160 During the year, Lauer sold 1,025 laptop computers. What was cost of goods sold using the FIFO cost flow assumption?
$1,085,635
$1,069,500
$1,109,500
$1,077,500
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