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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): 44

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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): 44 units at $92 71 units at $80 170 units at $54 . Sales for the year totaled 271 units, leaving 14 units on hand at the end of the year. ok Ending inventory using the FIFO method is: ences Multiple Choice $756 $929 Prev 9 of 40 II Net

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