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	Beginning Inventory		290			$	990
5/5	Purchase		390			$	1,090
8/10	Purchase		490			$	1,190
10/15	Purchase		295			$	1,240

During the year, Lauer sold 1,225 laptop computers. What was ending inventory using the LIFO cost flow assumption?

$237,600.

$257,600.

$297,100.

$297,600.