Fulbright Corp. 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 $106 per unit 70 units at $80 per unit 173 units at $70 per unit Sales for the year totaled 270 units, leaving 15 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 $1,166. O O $1,100. O $1,050. $1,590