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
• 71 units at $85 per unit
• 175 units at $61 per unit

Sales for the year totaled 266 units, leaving 22 units on hand at the end of the year.

Ending inventory using the FIFO method is:

A. $1,617

B. $1,342

C. $1,392