Use the information in Scenario 1. What is the annual cost of holding the safety stock necessary to maintain the 98% service level? A) less than or equal to $30 B) greater than $30 but less than $40 C) greater than $40 but less than $50 D) greater than $50

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?