Lauer Corporation provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 170 $ 870 5/5 Purchase 270 $ 970 8/10 Purchase 370 $ 1,070 10/15 Purchase 235 $ 1,120 During the year, Lauer sold 925 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? Multiple ChoiceA. $942,500 B. $964,500 C. $946,156 D. $934,500
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