Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):

• 41 units at $95
• 70 units at $89
• 171 units at $61

Sales for the year totaled 265 units, leaving 17 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.)

Multiple Choice

• $1,037.

• $1,239.

• $1,087.

• $1,615.