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

Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
41 units at $107 per unit
72 units at $77 per unit
172 units at $55 per unit
Sales for the year totaled 269 units, leaving 16 units on hand at the end of the year.
Ending inventory using the FIFO method is:
$1,089.
$930.
$880.
$1,712.
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