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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): 40
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 $108 per unit 73 units at $75 per unit 171 units at $53 per unit Sales for the year totaled 268 units, leaving 16 units on hand at the end of the year
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