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35 Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases listed in chronological order of acquisition):
35 Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases listed in chronological order of acquisition): . 44 units at $99 per unit . 70 units at $81 per unit 171 units at $52 per unit 00:37:13 Sales for the year totaled 269 units, leaving 16 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice $832. $1,584. $882 $1,062
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