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Business, 16.04.2020 21:35 jamskid

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 150 $ 850 5/5 Purchase 250 $ 950 8/10 Purchase 350 $ 1,050 10/15 Purchase 225 $ 1,100 During the year, Lauer sold 875 laptop computers. What was ending inventory using the FIFO cost flow assumption?

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