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 per unit
• 74 units at $80 per unit
• 172 units at $64 per unit

Sales for the year totaled 266 units, leaving 24 units on hand at the end of the year.

Ending inventory using the FIFO method is:

Multiple Choice

• $1,536.

• $1,586.

• $2,448.

• $1,772.