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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): .

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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): . 42 units at $105 per unit 72 units at $84 per unit 172 units at $58 per unit Sales for the year totaled 274 units, leaving 12 units on hand at the end of the year. Ending inventory using the LIFO method is: $1.260 $696 o $745 $857

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