12.

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	100	$800
5/5	Purchase	200	$900
8/10	Purchase	300	$1,000
10/15	Purchase	200	$1,100

During the year, Lauer sold 750 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

A.

$725,000.

B.

$740,000.

C.

$735,000.

D.

$720,000.