Lauer Corporation Uses the Periodic Inventory System and Has Provided

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: $\begin{array}{clrr}\text { Date }&\text { Transaction } &\text { Number of Units }&\text { Cost per Unit }\\\hline1 / 1 & \text { Beginning Inventory } & 100 & \$ 800 \\5 / 5 & \text { Purchase } & 200 & \$ 900 \\8 / 10 & \text { Purchase } & 300 & \$ 1,000 \\10 / 15 & \text { Purchase } & 200 & \$ 1,050\end{array}$ During the year, Lauer sold 750 laptop computers. What was ending inventory using the LIFO cost flow assumption?

A) $40,000.
B) $45,000.
C) $55,000.
D) $60,000.