Fulbright Corp. uses the periodic inventory system. During first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 49 units at $127 per unit 115 units at $122 per unit 179 units at $102 per unit Sales for the year totaled 315 units, leaving 28 units on hand at the end of the year. In comparing the ending inventory balances of FIFO and LIFO, the ending inventory value under FIFO less the ending inventory balance under LIFO results in a difference of Multiple Choice O O $700 (0) $(700) $0. O O $53