1. Mauer Corp. sells computers and uses the periodic inventory system. The following information about their laptop computer inventory is available: Date Transaction Number of Units Cost Per Unit 1/1 Beg. Inv. 5/5 Purchase 8/10 Purchase 10/15 Purchase 100 200 300 200 $800 $900 $1000 $1050 During the year, sales were as follows: 6/15 Sold 225 laptops, 9/2 Sold 300 laptops, and 11/30 Sold 225 laptops. Using LIFO, what was ending inventory and COGS on 12/31? A) $56,000 and $714,000 B) $52,500 and $717,500 C) $40,000 and $730,000 D) $45,000 and $725,000 E) none of the above, the answers are $ and $