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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

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 110 $ 810
5/5 Purchase 210 $ 910
8/10 Purchase 310 $ 1,010
10/15 Purchase 205 $ 1,060

During the year, Lauer sold 775 laptop computers. What was ending inventory using the LIFO cost flow assumption?

$63,100.

$63,600.

$48,600.

$68,600.

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