11. upvote

Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): - 42 units at $100 per unit - 74 units at $71 per unit - 171 units at $67 per unit Sales for the year totaled 269 units, leaving 18 units on hand at the end of the year. Ending inventory using the FIFO method is: Multiple Choice $1,256 $1,311 $1,800 $1,206