Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): .45 units at $109 per unit 74 units at $81 per unit 173 units at $55 per unit Sales for the year totaled 266 units, leaving 26 units on hand at the end of the year. Ending inventory using the FIFO method is: Multiple Choice $1,818 $1,480 $2.834 $1,430