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		130			$	830
5/5	Purchase		230			$	930
8/10	Purchase		330			$	1,030
10/15	Purchase		215			$	1,080

During the year, Lauer sold 825 laptop computers. What was ending inventory using the FIFO cost flow assumption?

$84,400.

$66,400.

$85,900.

$86,400.