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 $110 per unit
• 72 units at $83 per unit
• 170 units at $62 per unit

Sales for the year totaled 270 units, leaving 16 units on hand at the end of the year.

Ending inventory using the FIFO method is:

• $992.

• $1,195.

• $1,760.

• $1,042.