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Lauer Corporation uses the periodic inventory system and has provided the following information about one of...

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 160 $ 860
5/5 Purchase 260 $ 960
8/10 Purchase 360 $ 1,060
10/15 Purchase 230 $ 1,110

During the year, Lauer sold 900 laptop computers.
What was cost of goods sold using the LIFO cost flow assumption?

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