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 ending inventory using the LIFO cost flow assumption?
Definitions:
Social Status
The position or rank of a person or group within the social hierarchy, determined by various factors including occupation, education, wealth, and heritage.
Necessary
A requirement or essential component that is needed for something to happen or be achieved.
Gym Membership
A contractual arrangement where a person pays a fee to access and use a gym's facilities and services.
Procedural Unconscionability
Procedural unconscionability refers to unfairness in the manner a contract was formed, which can include lack of negotiation or understanding of terms.
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