^(Q.38)

Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases listed in chronological order of acquisition): 44 units at $100 per unit 70 units at $83 per unit 174 units at $68 per unit Sales for the year totaled 265 units, leaving 23 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice $1,760 $ 1.760 O $1,614. O $1,564 O $2.300