Solution-What was cost of goods sold using the fifo cost

What was cost of goods sold using the fifo cost flow

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Reference no: EM133001785

Lauer Corporation 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

Problem 1: During the year, Lauer sold 1,025 laptop computers. What was cost of goods sold using the FIFO cost flow assumption?

Reference no: EM133001785

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What was cost of goods sold using the fifo cost flow

Reference no: EM133001785

Reference no: EM133001785

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