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 $90 per unit 73 units at $70 per unit 174 units at $52 per unit Sales for the year totaled 267 units, leaving 22 units on hand at the end of the year. Ending inventory using the LIFO method is: