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 $103
• 71 units at $78
• 174 units at $53

Sales for the year totaled 268 units, leaving 19 units on hand at the end of the year.

Ending inventory using the LIFO method is:

Multiple Choice

• $1,057.

• $1,264.

• $1,957.

• $1,007.