It’s probably clearance – price is $ 1099.97, and 97 cents usually means clearance in Costco.
It’s 2020 model. New model from 2021 has 11th Gen i7 and some other little differences.
Detailed comparison of 2020 and 2021 models are here: https://neofiliac.com/compare/pro…90p?w=2593

RAM is soldered, but laptop has 2 M.2 sockets for SSDs. You can add second one.