Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date Transaction #Units Cost/Unit 1/1 100 $800 5/5 Purchase 200 $900 8/10 Purchase 300 $1,000 10/15 Purchase 200 $1,100 During the year, Lauer sold 700 laptop computers. What was the "cost of goods sold using the LIFO cost flow assumption? What was the Ending inventory" under the FIFO cost flow assumption