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Mathematics, 02.09.2019 23:10 cloudFF
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers:
date
1/1
5/5
8/10
10/15
transaction
beginning inventory
purchase
purchase
purchase
number of units
100
200
300
200
cost per unit
$800
$900
$1000
$1,100
during the year, lauer sold 750 laptop computers.
what was cost of goods sold using the lifo cost ow assumption?
a. $725,000.
b. $740,000.
c. $735,000.
d. $720,000.
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