Fulbright Corporation 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 $100 per unit

75 units at $86 per unit

173 units at $56 per unit

Sales for the year totaled 265 units, leaving 26 units on hand at the end of the year.

Ending inventory using the average cost method is:

Note: Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.

Answers:

A)$2,600

B)$1,826

C)$1,506

D)$1,456