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 240 $ 940 5/5 Purchase 340 $ 1,040 8/10 Purchase 440 $ 1,140 10/15 Purchase 270 $ 1,190 During the year, Lauer sold 1,100 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. one of wound up's competitors, however, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. wound up's competitive advantage is in danger due to a. a lack of perceived value b. a lack of organization c. direct imitation and substitution d. resource immobility