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 190 $ 890 5/5 Purchase 290 $ 990 8/10 Purchase 390 $ 1,090 10/15 Purchase 245 $ 1,140 During the year, Lauer sold 975 laptop computers. What was ending inventory using the LIFO cost flow assumption?

$159,100.

$124,600.

$159,600.

$144,600.