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Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases fisted in chronalogical order of ocquisition): -
Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases fisted in chronalogical order of ocquisition): - 44 units ar $104 per unit - 70 units at $88 per unit - 170 units at $58 per unit Sales for the year totaled 266 units, leaving 18 units on hand at the end of the year. Ending inventory using the FFO method is: Multiple Cholce $1,305. $1,094. $1,872. $1,044
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