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

	45 units at $106
	73 units at $75
	170 units at $54

Sales for the year totaled 265 units, leaving 23 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

• $1,242.

• $1,292.

• $2,438.

• $1,551.