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		150			$	850
5/5	Purchase		250			$	950
8/10	Purchase		350			$	1,050
10/15	Purchase		225			$	1,100

During the year, Lauer sold 875 laptop computers. What was ending inventory using the FIFO cost flow assumption?

$105,000.

$109,500.

$85,000.

$110,000.