Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date Transaction 1/1 Beginning Inventory 5/5 Purchase 8/10 Purchase 10/15 Purchase Number of Units Cost per Unit 270 $ 970 370 $ 1,070 470 $ 1,170 285 $ 1,220 During the year, Lauer sold 1,175 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? $1,295,000 $1,342,000 $1,287,000 $1,310,104