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What was cost of goods sold using lifo cost flow assumption

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Reference no: EM133003843

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 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.

Problem 1: What was cost of goods sold using the LIFO cost flow assumption?

Reference no: EM133003843

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