Exam

$($i$)$

$4$

Fulbright Corp. uses the periodic Inventory system. During Its first year of operations, Fulbright made the following purchases $($IIsted in chronological order of acquisition$)$:

$44$ units at $$98$ per unit

$71$ units at $$73$ per unit

$174$ units at $$60$ per unit

Sales for the year totaled $266$ units, leaving $23$ units on hand at the end of the year.

Ending Inventory using the average cost method Is: $($Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.$)$

Multiple Choice

$$1,587.$

$$2,254.$

$$1\mathrm{.}380.$

$$1,430.$