Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): 60 units at $160 per unit 170 units at $177 per unit . 190 units at $157 per unit Sales for the year totaled 370 units, leaving 50 units on hand at the end of the year. In comparing the ending inventory balances of FIFO and LIFO, the ending inventory value under FIFO less the ending inventory balance under LIFO results in a difference of:

Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (iisted in chronotogicat order of acquistion). - 60 units at $160 per unit - 170 units at $177 per unit - 190 units at $157 per unit Sales for the year totaled 370 units, leaving 50 units on hand at the end of the yoar. In comparing the ending inventory balances of FIFO and LIFO, the onding inventory value under FiFO less the ending inventory balance under LIFO results in a difference of