Lauer Corporation has provided the following information about one of its laptop computers: 
During the year,Lauer sold 750 laptop computers.
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What was cost of goods sold using the LIFO cost flow assumption?
Definitions:
Increase
A rise in the quantity, size, number, or degree of something.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing and able to purchase at any given price.
Expectations
The anticipations of consumers, firms, and others about future economic conditions, which can influence their decisions today.
Prices
The amount of money required to purchase goods, services, or assets.
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