Solution-What was cost of goods sold using the lifo cost

What was cost of goods sold using the lifo cost flow

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Question - 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	130	$830
5/5	Purchase	230	$930
8/10	Purchase	330	$1,030
10/15	Purchase	215	$1,080

During the year, Lauer sold 825 laptop computers.

What was cost of goods sold using the LIFO cost flow assumption?

Reference no: EM131736290

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What was cost of goods sold using the lifo cost flow

Reference no: EM131736290

Reference no: EM131736290

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