Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: $\begin{array}{clrr}\text { Date }&\text { Transaction } &\text { Number of Units }&\text { Cost per Unit }\\hline
1 / 1 & \text { Beginning Inventory } & 100 & \$ 800 \
5 / 5 & \text { Purchase } & 200 & \$ 900 \
8 / 10 & \text { Purchase } & 300 & \$ 1,000 \
10 / 15 & \text { Purchase } & 200 & \$ 1,100
\end{array}$ During the year, Lauer sold 750 laptop computers. What was ending inventory using the FIFO cost flow assumption?
A) $60,000.
B) $55,000.
C)$45,000.
D)$40,000.

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The Answer of Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: $\begin{array}{clrr}\text { Date }&\text { Transaction } &\text { Number of Units }&\text { Cost per Unit }\\hline
1 / 1 & \text { Beginning Inventory } & 100 & \$ 800 \
5 / 5 & \text { Purchase } & 200 & \$ 900 \
8 / 10 & \text { Purchase } & 300 & \$ 1,000 \
10 / 15 & \text { Purchase } & 200 & \$ 1,100
\end{array}$ During the year, Lauer sold 750 laptop computers. What was ending inventory using the FIFO cost flow assumption?
A) $60,000.
B) $55,000.
C)$45,000.
D)$40,000.

Lauer Corporation Uses the Periodic Inventory System and Has Provided