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Don Company has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 100

Don Company has provided the following information about one of its laptop computers:

Date

Transaction

Number of Units

Cost per Unit

1/1

Beginning Inventory

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 ending inventory using the LIFO cost flow assumption using the periodic inventory system?

A.) $45,000

B.) $60,000

C.) $55,000

D.) $40,000

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