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What was ending inventory using the fifo cost flow

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Reference no: EM133106770

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

280

$980

5/5

Purchase

380

$1,080

8/10

Purchase

480

$1,180

10/15

Purchase

290

$1,230

Required - During the year, Lauer sold 1,200 laptop computers. What was ending inventory using the FIFO cost flow assumption?

Reference no: EM133106770

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