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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: 100 Date Transaction Number of Units

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Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: 100 Date Transaction Number of Units 1/1 5/5 Purchase 1 200 8/10 Purchase 300 10/15 Purchase 200 During the year, Lauer sold 750 laptop computers. Cost per Unit $800 $900 $1,000 $1,100 What was ending inventory using the FIFO cost flow assumption?

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