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		250			$	950
5/5	Purchase		350			$	1,050
8/10	Purchase		450			$	1,150
10/15	Purchase		275			$	1,200

During the year, Lauer sold 1,125 laptop computers. What was cost of goods sold using the LIFO cost flow assumption?

$1,212,500.

$1,262,500.

$1,233,255.

$1,220,500.