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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) -
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 $97 per unit - 71 units at $73 per unit - 173 units at $64 per unit Sales for the year totaled 271 units, leaving 15 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 $1,455. $1,066. $1,010. $960
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