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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

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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):
44 units at $109 per unit
71 units at $72 per unit
172 units at $53 per unit
Sales for the year totaled 258 units, leaving 29 units on hand at the end of the year.
Cost of Goods Sold using the LIFO method is:
$2,071
$15,863
$17,024
$16,156
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