Fulbright Corporation uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (isted in chronological order of acquisition): - 40 units at $100 per unit - 70 units at $80 per unit - 170 units at $60 per unit Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. Ending inventory using the FIFO method is: Multiple Choice $707. $650. $600. Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): - 41 units at $103 per unit - 75 units at $82 per unit - 171 units at $62 per unit Sales for the year totaled 275 units, leaving 12 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 results in a difference of: Muttiple Choice $(492) $492. so