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Business, 18.06.2020 19:57 ethan62211
Lauer Corporation provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 290 $ 990 5/5 Purchase 390 $ 1,090 8/10 Purchase 490 $ 1,190 10/15 Purchase 295 $ 1,240 During the year, Lauer sold 1,225 laptop computers. What was cost of goods sold using the FIFO cost flow assumption
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