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 $96 per unit 72 units at $86 per unit . 174 units at $70 per unit Sales for the year totaled 265 units, leaving 25 units on hand at the end of the year. Ending inventory using the average cost method is: (Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.) $1,750. O $1,800. O $2,400. $1,948