Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 44 units at $94 per unit 72 units at $87 per unit 171 units at $57 per unit Sales for the year totaled 269 units, leaving 18 units on hand at the end of the year. Ending inventory using the LIFO method is: $1,692. $1,264. $1,076. $1,026