• In Chapter 7, look at the pie chart in the "How Does Consumer Demand Affect The Nation's Economy?" section and complete the following questions:
1. In your opinion, what's the main point of this chart?
2. If we add up the total spending of the government, businesses, and
consumers, what does it come to?

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?