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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): 43

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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): 43 units at $96 per unit 73 units at $83 per unit 171 units at $59 per unit Sales for the year totaled 268 units, leaving 19 units on hand at the end of the year. Ending inventory using the FIFO method is

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