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What was cost of goods sold using the LIFO cost flow

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Question - 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

190

$890

5/5

Purchase

290

$990

8/10

Purchase

390

$1,090

10/15

Purchase

245

$1,140

During the year, Lauer sold 975 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

Reference no: EM133099984

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