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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 .

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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 . 42 units at $106 per unit BO units at $87 per unit 172 units at $67 per unit Sales for the year totaled 280 units, leaving 14 units on hand at the end of the bar In comparing the ending inventory balances of FIFO and UFO, the ending inventory value under FIFO less the ending inventory balance underLIFO results in a difference of Multiple Choice $546 $(546)

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