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 270 $ 970 5/5 Purchase 370 $ 1,070 8/10 Purchase 470 $ 1,170 10/15 Purchase 285 $ 1,220 During the year, Lauer sold 1,175 laptop computers. What was ending inventory using the FIFO cost flow assumption