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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

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 190 $ 890 5/5 Purchase 290 $ 990 8/10 Purchase 390 $ 1,090 10/15 Purchase 245 $ 1,140 During the year, Lauer sold 975 laptop computers. What was ending inventory using the FIFO cost flow assumptio $124,600. $159,100. $159,600. $144,600.

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