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 1/1 100 $ 800 5/5 Purchase 200 $ 900 8/10 Purchase 300 $ 1,000 10/15 Purchase 200 $ 1,100 During the year, Lauer sold 750 laptop computers. (a) What was ending inventory using the FIFO cost flow assumption? (b) What was ending inventory and cost of goods sold using the LIFO cost flow assumption?

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Explanation:

answer; i believe the correct answer is (tall); ///good luck

answer; dividing net income by 1- t ;