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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): 43
Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 43 units at $93 per unit 71 units at $79 per unit 171 units at $63 per unit Sales for the year totaled 275 units, leaving 10 units on hand at the end of the year. Ending inventory using the average cost method is: Note: Do not round unit cost calculation. Round your
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