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 160 $ 860 260 S 960 360 $ 1,060 230 $ 1,110 During the year, Lauer sold 900 laptop computers. What was ending inventory using the FIFO cost flow assumption? $122,100. $121,600 $114,600 $94,600