Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date 1/1 5/5 8/10 10/15 Transaction Beginning Inventory Purchase Purchase Purchase Number of Units 300 4001 500 Cost per Unit $ 1,000 $ 1,100 1,200 $ 300 1,250 During the year, Lauer sold 1,250 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? $1,429,167 $1,465,000 $1,410,500 $1,402,500