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Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (iisted in chronological order of acquisition): -
Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (iisted in chronological order of acquisition): - 42 units at $105 per unit - 73 units at $79 per unit. - 172 units at $66 per unit Sales for the year totaled 274 units, leaving 13 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.)
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