Lauer Corporation provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 130 230 330 215 Cost per Unit $ 830 $ 930 $ 1,030 $ 1,080 During the year, Lauer sold 825 laptop computers

Business Nov 10, 2021

Lauer Corporation provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units 130 230 330 215 Cost per Unit $ 830 $ 930 $ 1,030 $ 1,080 During the year, Lauer sold 825 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? Multiple Choice $827,500 $814,881 $815,500 $807,500