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Lauer Corporation uses the periodic inventory system and has provided the following information about one of...

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 150 $ 850
5/5 Purchase 250 $ 950
8/10 Purchase 350 $ 1,050
10/15 Purchase 225 $ 1,100

During the year, Lauer sold 875 laptop computers.
What was ending inventory using the FIFO cost flow assumption?

$105,000.

$109,500.

$85,000.

$110,000.

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