Which of the following is an implicit cost of production? rent that could have been earned on a building owned and used by the firm the utility bill paid to water, electricity, and natural gas companies wages paid to labor plus the cost of carrying benefits for workers interest paid on a loan to a bank

Lauer corporation uses the periodic inventory system and has 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 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?