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Lauer Corporation Uses the Periodic Inventory System and Has Provided

Question 56

Multiple Choice

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: During the year, Lauer sold 750 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? A) $725,000. B) $740,000. C) $735,000. D) $720,000. During the year, Lauer sold 750 laptop computers. What was cost of goods sold using the FIFO cost flow assumption?


A) $725,000.
B) $740,000.
C) $735,000.
D) $720,000.

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