Lauer Corporation Uses the Periodic Inventory System and Has Provided

question 8

Multiple Choice

Lauer Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers:

$$\begin{array}{ll}\begin{array} { ll } \text { Date } & \text { Transaction } \\1 / 1 & \text { Beginning Inventory } \\5 / 5 & \text { Purchase } \\8 / 10 & \text { Purchase } \\10 / 15 & \text { Purchase }\end{array}\begin{array} { l l} \text { Number of Units } & \text { Cost per Unit } \\100& \$ 800 \\200 & \$ 900 \\300 & \$ 1,000 \\200 & \$ 1,050\end{array}\end{array}$$
During the year,750 laptop computers were sold. What was ending inventory using the FIFO cost flow assumption?

• A)$60,000
• B)$52,500
• C)$52,000
• D)$40,000

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Definitions:

Motor Neurons

Nerve cells that initiate and control the movement of muscles by transmitting messages from the brain or spinal cord to the muscle fibers.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Somatosensory Cortex

A region of the brain responsible for processing sensory information from various parts of the body, including touch, temperature, and pain.

Temperature

A measure of the warmth or coldness of an object or substance with reference to a standard value.