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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):
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 $102 74 units at $83 173 units at $51 Sales for the year totaled 274 units, leaving 17 units on hand at the end of the year. Ending inventory using the LIFO method is:
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