If a country’s PX/PY in autarky is less than the PX/PY on the world market, then, as the country moves from autarky to trade, the relative price of good Y will for home consumers. Thus, consumers with a strong relative preference for good would tend to oppose the movement to trade.

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?