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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): - 42 units at $94 per unit - 7 units at $74 per unit - 172 units at $68 per unit Sales for the year totaled 273 units, leaving 12 units on hand at the end of the year. Ending inventory using the LFO method is: Multiple Choice saso sneo 51328 5816

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