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 $109 per unit 71 units at $75 per unit 174 units at $62 per unit Sales for the year totaled 266 units, leaving 20 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice $2,180 $1,240. O O $1290 $1.439