Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 40 units at $100 per unit 70 units at $80 per unit 170 units at $60 per unit Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice $1,000 O $650 O $600. O O $707. Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,300 and payment terms of 3/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: Multiple Choice $6,300. $6,489. $6,111. $3,056