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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): .

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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): . 44 units at $106 per unit 72 units at $73 per unit 172 units at $57 per unit Sales for the year totaled 274 units, leaving 14 units on hand at the end of the year. Ending inventory using the FIFO method is: Multiple Choice $848 $798 O $848. O $798. O O $959. $1,484

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