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		240			$	940
5/5	Purchase		340			$	1,040
8/10	Purchase		440			$	1,140
10/15	Purchase		270			$	1,190

During the year, Lauer sold 1,100 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

$1,223,500.

$1,195,589.

$1,184,000.

$1,176,000.