Lansing Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers:
During the year,1,150 laptop computers were sold.What was ending inventory using the FIFO cost flow assumption?

Question

Lansing Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers:
  During the year,1,150 laptop computers were sold.What was ending inventory using the FIFO cost flow assumption?

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The Answer of Lansing Corporation uses the periodic inventory system and has provided the following information about one of their laptop computers:
  During the year,1,150 laptop computers were sold.What was ending inventory using the FIFO cost flow assumption?

Lansing Corporation Uses the Periodic Inventory System and Has Provided