12. value: 3.70 points TB MC Qu. 7-46 Lauer Corporation uses the periodic inventory... Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Number of Units Date 1/1 Transaction Beginning Inventory Purchase Purchase Purchase 270 370 5/5 Cost per Unit $ 970 $ 1,070 $ 1,170 $ 1,220 470 8/10 10/15 285 During the year, Lauer sold 1,175 laptop computers. What was cost of goods sold using the LIFO cost flow assumption? $1,287,000. $1,295,000. $1,342,000. $1,310,104