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Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): . 43 units at $94 per unit . 73 units at $77 per unit . 175 units at $62 per unit Sales for the year totaled 267 units, leaving 24 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice $1,488 $1,538 $2.256 $1,692