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

• 43 units at $108
• 72 units at $75
• 175 units at $54

Sales for the year totaled 265 units, leaving 25 units on hand at the end of the year.

Ending inventory using the LIFO method is:

Multiple Choice

• $2,700.

• $1,681.

• $1,350.

• $1,400.